Inherited 401(k)s and IRAs: A General Guide Presented by Marc Aarons Recently, I’ve had several clients reach out, unsure of what steps they need to take with a recently inherited 401(k) or IRA. It can be a difficult process to navigate, especially since a retirement account is usually inherited after losing someone special. With that […]

SECURE Act 2.0: An Overview Provided by Marc Aarons In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it’s a follow-up to the Setting Every Community […]

SECURE Act 2.0 Passed in Final Days of 2022 Presented by Marc Aarons   Congress spent the final days of 2022 on new reforms designed to help Americans save more for retirement.   You may hear the changes called SECURE Act 2.0, which is a follow-up to the Setting Every Community Up for Retirement Enhancement […]

Required Minimum Distributions 101 Understanding mandatory retirement account withdrawals. Provided by Marc Aarons If you are approaching your seventies, get ready for required minimum distributions. You may soon have to take RMDs, as they are called, from one or more of your retirement accounts. You can now take some RMDs a bit later in life, […]

2022 brings new life expectancy tables.  Provided by Marc Aarons  For the first time in nearly 20 years, the IRS has released updated actuarial or life expectancy tables. Those who take required minimum withdrawals (RMD) from retirement accounts may already know we use these tables to calculate your RMD. Using these new tables is relatively […]

A choice for I.R.A. owners who want to reduce taxes linked to I.R.A. distributions. Provided by Marc Aarons  Do you have an I.R.A.? As you enter your 70s, you may start to look at that I.R.A. not only as an asset, but also as a problem. By law, you must take required minimum distributions (R.M.D.s) […]

Life expectancy table updated for the first time since 2002. Provided by Marc Aarons If you are retired and have reached your seventies, you may have the opportunity to draw a little less income from your retirement savings accounts in 2022. Next year, the Internal Revenue Service plans to update the life expectancy tables used […]

Understand the IRS’s calculations and tables. Provided by Marc Aarons As much as you would like to, you can’t keep your money in your retirement account forever. These investment vehicles include 401(k)s, IRAs, and similar retirement accounts.1  Under the SECURE Act, once you reach age 72, you must begin taking required minimum distributions from your […]

Important facts and a date to remember.  Provided by Marc Aarons  Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep […]

Investors may be eligible to “undo” certain retirement account withdrawals before September.  Provided by Marc Aarons  In March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law. It was designed to help Americans impacted by the COVID-19 pandemic.1 The new law offered investors a financial break. It gave people the option to skip […]