6 Key Rules for Using the SEPP/72(t) Strategy
By Denise Appleby Sometimes clients need retirement funds before 59½, but breaking any of the governing rules for 72(t) payments will mean paying taxes waived
Advisor Retirement Planning Resources
Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
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Advisors Guide: IRS Waives the 50% Excise Tax for 2021 and 2022 RMDs for Some Beneficiaries
By Denise Appleby The IRS acknowledges confusing messaging for the new 10-year rule for beneficiaries and waives the 50% excise tax for 2021-22 RMD shortfalls
New IRS View on 10-Year Rule Means Some IRA Beneficiaries Must Pivot
By Denise Appleby The IRS issued proposed RMD regulations in February that contradict the widespread industry interpretation of the 10-year rule. This means certain misinformed
Appleby’s Top 10 Reasons Why a Small Business Owner 401(k) Is A Great Retirement Savings Solution
Written by Denise Appleby: For Financial Advisors The Small Business Owner 401(k) is an ideal retirement plan for many self-employed individuals. A retirement savings solution
Annual Benefit Limit
Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest
The IRA Authority Newsletter-Free Get the latest Issue
Written by Denise Appleby Download issues in the free section at https://irapublications.com/
Tax Court Provides Solution for Untracked Tax-Free IRA Balances : Using the Cohan Rule
Denise Appleby explains how to avoid double taxation of otherwise untracked basis in IRAs, using the Cohan Rule. IRA owners can find themselves paying income
5 Key Facts That Clear up Any Confusion about the New 10-Year Rule for IRA Beneficiaries under the SECURE Act
One of the most significant changes made by the SECURE Act limits the distribution period to 10 years for designated beneficiaries. An example provided by
IRS Announces IRA and Plan Limits for 2021
IRS Announces IRA and Plan Limits for 2021 The IRS issued Notice 2020-79 in which they provide retirement plan limits for 2021. Only some of the limits
IRS expands definition Qualified Individual, for Coronavirus-Related Distribution purposes.
The IRS issued Notice 2020-50, in which they expanded the definition of a Qualified Individual, for Coronavirus-Related Distribution purposes. A qualified individual is one who
