GLIDE PATH TO A LANDING POINT

By Andy Ives CFP®, AIF® IRA Analyst Assisting business owners with the establishment of a new 401K plan brings a multitude of questions.  From plan design to investment options to employee education, everything is in play. One common topic of discussion is the plan’s...

YOU CAN CONTRIBUTE MORE TO YOUR IRA FOR 2019

By Sarah Brenner, JD IRA Analyst Good news for retirement savers! The IRA contribution limit, which was $5,500 for 2018, will rise to $6,000 for 2019. If you are over age 50 in 2019, you will be able to save even more. The limit for those who are age 50 or over in...

TAKING DISASTER RECOVERY FUNDS FROM RETIREMENT PLANS

By Beverly DeVeny IRA Analyst After Hurricanes Harvey, Irma and Maria in 2017, Congress passed special legislation allowing expanded access to retirement plan funds for individuals affected by those storms.  Congress also previously enacted that sort of legislation...

A NOT SO SIMPLE DISCUSSION ON SIMPLE IRAS

By Jeremy T. Rodriguez, JD IRA Analyst SIMPLE IRAs are popular retirement vehicles for small businesses. They are relatively cheap to adopt and are easy to understand and administer. However, that doesn’t mean problems do not arise. Routinely, we see issues involving...

COMBINING INHERITED IRAS AND THEIR RMDS

By Beverly DeVeny IRA Analyst IRA owners can clearly combine the accounts they own and they can combine the required minimum distributions (RMDs) from multiple IRAs and take them from any one or combination of their IRAs. But what are the rules for inherited IRAs? An...

SIMPLE INHERITED IRA SCREW-UP RESULTS IN A $9,000 TAX BILL

By Jeremy T. Rodriguez, JD IRA Analyst Legal training is less about memorization and more about understanding how to break down complex problems. With that mind, I often suggest that people understand the law and not try to memorize it. Why was it enacted and what is...