by Kenny | Mar 9, 2020 | Uncategorized
By Sarah Brenner, JD IRA Analyst The SECURE Act eliminated the age restriction on contributions to traditional IRAs. The rule outlawing contributions for those 70 ½ or older is no more. This is good news for older IRA owners who are still working or have a spouse who... by Kenny | Mar 5, 2020 | Weekly Newsletter
Taking these steps before you begin claiming can ensure you’re receiving as much money as possible. The majority of retirees will depend on their Social Security benefits for at least a significant portion of their income. In fact, half of married couples and... by Kenny | Mar 5, 2020 | Uncategorized
By Sarah Brenner, JD IRA Analyst Question: My dad was 86 when he died and I inherited half of his IRA, which I elected to stretch. Am I correct in thinking that since I am not yet 70 ½, I am not allowed to direct qualified charitable distributions (QCDs) from this... by Kenny | Mar 4, 2020 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst True or False? “It is mathematically impossible for an IRA account owner to have his first required minimum distribution (RMD) be due for the year 2020.” Here’s why this statement is true. First, we are not talking about inherited... by Kenny | Mar 2, 2020 | Uncategorized
By Ian Berger, JD IRA Analyst Who can offer them? Most company retirement savings plans, such as 401(k), 403(b) and 457(b) plans, are allowed to (but not required to) offer plan loans. Loans are not allowed from IRAs or SEP and SIMPLE-IRA plans. What is the maximum...