4 Steps to Take When You Inherit an IRA
Whether you inherit an IRA from a spouse or non-spouse there are important steps that need to be executed as a heir.
6 Rules for Tax-Free Roth IRA Distributions
Roth IRAs offer a trade-off. You decide to pay taxes now on your contribution (or conversion) in exchange for tax-free earnings down the road. Don’t miss out on Roth IRA benefits by making mistakes when you take a distribution.
Calculating NUA in 5 Easy Steps
NUA is short for “Net Unrealized Appreciation” of employer securities. It’s the difference between the cost basis and the market value of employer securities held inside a qualified plan such as a 401(k).
IRAs are Different
IRAs are distributed differently than all other assets both during life and death. Here's Why:
7 things your IRA custodian won't tell you
It is important to know what your IRA custodian will tell you and what they will not or cannot tell you. The I in IRA stands for individual and many times it is up to the individual to know things or keep track of them.
Calculating the Pro-Rata Rule in 5 Easy Steps
The pro-rata rule is the formula that is used to determine how much of a distribution is taxable when the account owner holds both after-tax and pre-tax dollars in their IRA(s). For the purposes of the pro-rata rule, the IRS looks at all your SEP, SIMPLE, and Traditional IRAs as if they were one.