Finance IRS Releases Final RMD Regulations 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.
Finance Navigating an Inherited IRA Holding Real Estate: A Beneficiary's Guide Inheriting an IRA holding real estate involves navigating tax implications, distribution options, and property assessment. Learn more about managing your inherited asset.
Finance Special IRS Forms You May Need For Tax Time Navigating IRA distributions and reporting is crucial during tax season. Learn how to ensure accuracy and streamline your filing process this year.
Finance 2024 Cost-of-Living Adjustments Govern Retirement Plan Contributions 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.
Finance Different Types of Loans Investors Should Know 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.
Finance What is Unrelated Business Taxable Income (UBTI)? 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.
Finance Can You Have Both an IRA and a 401(k) Plan? 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.
Finance How is a Self-Directed IRA Taxed? 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.
Finance Are 2023 Cost-of-Living Adjustments A Silver Lining to Inflation? Because of the significant increase in the federal Consumer Price Index (CPI) over the past year, the IRA and retirement plan contribution limits will be increasing for 2023 – in some cases by a lot.