$10,000 Penalty-Free Distributions Is Reprieve For Domestic Abuse Victims
Denise Appleby, APA, AKA, CISP, CRC, CRPS, CRSP SECURE Act 2.0 gives domestic abuse victims a break from the 10% additional tax on early distributions.
SECURE Act Updates
SECURE Act 1 and SECURE Act 2: A collection of articles and educational tools
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SECURE Act 2.0 Allows QCDs of $50,000 to Split-interest Entity
By Denise Appleby SECURE Act 2.0 allows a one-time election to make QCD to a split-interest entity. Subject to a $50,000 aggregate limit. Prior to
Domestic abuse distribution
A domestic abuse distribution is one that is made to domestic abuse victim, during the 1-year period beginning on any date on which the individual
Advisor Retirement Planning Resources
How to Advise Clients of The RMD Age Increase
By Denise Appleby, APA,QKA,CISP,CRC,CRPS,CRSP Details and examples of the SECURE Act 2.0 RMD age change equip you to guide clients promptly. Missing RMD deadlines, miscalculating
IRS Notice 2022-53 Waives the 50% Excise Tax on RMD Failures for 2021 and 2022 RMD for Some Beneficiaries
By Denise Appleby If you did not take your RMD from your inherited IRA in 2021 or 2022 because of the confusing messaging from the
Advisor Retirement Planning Resources
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
Advisor Retirement Planning Resources
Top 4 Tricky Revelations in the Proposed RMD Regulations
By Denise Appleby, APA,QKA,CISP,CRC,CRPS,CRSP The proposed RMD regulations included explanations that differ from industry experts’ interpretation of the SECURE Act. Let’s take a look… The
Advisor Retirement Planning Resources
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
Proposed RMD Regulations Would Give Some a Break from the 50% RMD Excise for Missed RMDs
By Denise Appleby https://www.linkedin.com/in/deniseappleby Owners of retirement accounts (participants) and beneficiaries with inherited accounts (beneficiaries) must take any required minimum distributions (RMDs) by the applicable
If You Reached Age 72 In 2021, You Might (Or Might Not) Have Until April 1, 2022 To Take Your 2021 RMD.
The IRS issued IR-2022-69 on March 25, 2022, in which they reminded owners of retirement accounts that some must take their 2021 required minimum distributions
