Estate Beneficiary of IRA: IRS Allows Transfers to Inherited IRAs for Beneficiaries of Estate
by Denise Appleby,CISP, CRC, CRPS, CRSP, APA In private letter ruling (PLR) 201208039, the estate of the deceased IRA owner was the named beneficiary of
Retirement Planning
Explore
Transfer of IRA to spouse under private agreement is not allowed
If you are required to share your retirement accounts with your spouse (or former) as a result of a divorce or legal separation, it should
IRS Announces Plan Limits for 2012
by Denise Appleby CISP, CRC, CRPS, CRSP, APA The IRS issued IR-2011-103, in which they provide retirement plan limits for 2012. The following are the
Savers Credit Reduces the Cost Funding Retirement Accounts
Your contributions to your retirement account may cost you less than you think. Individuals whose adjusted gross incomes (AGI) are below certain amounts are eligible
Naming Your IRA or 401k Beneficiary In Your Will May Not Work
By Denise Appleby, CISP, CRC, CRPS, CRSP, APA If you named your Will as the beneficiary of your IRA, 401(k), 403(b) or other retirement account,
Use Your Hobby to Supplement Your Retirement Savings
By Denise Appleby ( www.DeniseAppleby.com) Do your friends and family express delight when they taste the results of what you ‘cook-up’ in the kitchen? How
Identity Thieves Target Medical Records- Protect Your Social Security Number
It appears that identity thieves are now targeting medical and dental records. Ask yourself, does your medical and /or dental professional really need your social
Roth IRA Distributions- Determining Tax and Penalty
Earnings in Roth IRAs accumulate on a tax-deferred basis, but eventually become tax-free if distributions are qualified. The determination of whether a Roth IRA distribution
How spouse beneficiaries elect to treat inherited IRA assets as their ‘own’.
The treat-as-own option , which applies only to a spouse who is the sole primary beneficiary, allows for the transfer of the inherited IRA balance to the
You Can Use Your IRA to Pay Estimated Taxes
If You Missed Estimated Tax Payment Deadlines, You can Use Withholding Tax From Your IRA to Avoid Penalties Withholding from your IRA distribution or distribution from