Finance - Blog

As year end approaches, we can be sure of several things: shorter days, cooler weather, and IRS cost-of-living adjustments (COLAs) coming out late again. But while we wait for COLAs in order to plan for 2025 retirement savings, we can still take some important steps in 2024.

On July 18, 2024, more than two years after releasing proposed required minimum distribution (RMD) regulations, the IRS has finally published final regulations on RMDs and beneficiary options.

Inheriting an IRA holding real estate involves navigating tax implications, distribution options, and property assessment. Learn more about managing your inherited asset.

Navigating IRA distributions and reporting is crucial during tax season. Learn how to ensure accuracy and streamline your filing process this year.

Last year’s inflation rates caused much higher than usual cost-of-living adjustments (COLAs) for retirement plans. Learn how to plan for your 2024 savings.

Real estate investing can be an effective strategy to build retirement wealth. Learn the key differences between different types of loans before you begin investing. 

Identifying and calculating UBTI/UDFI is complex. You may want to seek the assistance of a tax advisor if you are investing in an alternative investment that might generate UBTI or UDFI. 

While you can have both an IRA and a 401(k) plan, saving in multiple accounts may affect the tax benefits available to you. Learn the pros and cons to make educated decisions.

To ensure benefits of a self-directed IRA are preserved, proper tracking of contributions and withdrawals is crucial. Learn the basic rules for self-directed IRA tax reporting.