IRAs

401k-IRA-Roth-Retirement Planning-Fee Only-Jupiter FL

What You Should Know About Retirement Plan Rollovers

Given the current economic environment where companies are laying off workers and, in some cases, going out of the business, the implications for employer-sponsored retirement plans are significant. Unfortunately, one of the consequences of the pandemic and the economic shutdown is that many companies are laying off workers and, in some cases, shutting down completely.…

Details

CARES Act-NAPFA-FeeOnly-Jupiter FL

CARES Act: IRA and Retirement Plan Provisions

There are several provisions in the CARES Act, which was signed into law on March 27, 2020, that provide flexibility to retirement account owners. In a previous blog post, we discuss the suspension of Minimum Distribution Requirements for 2020.  But perhaps the most significant change to IRAs under the CARES Act was the establishment of…

Details

RMD-required minimum distribution-Jupiter FL-CFP-financial advisor

CARES Act: Changes to Minimum Distribution Requirements for 2020

Included in the CARES Act, which was signed into law on Friday, March 27th, 2020, are provisions related to tax-deferred retirement plans/IRAs and minimum distribution requirements for 2020. Specifically, regardless of your age, all minimum distribution requirements from tax-deferred retirement plans and IRAs have been suspended for 2020.  Of course, you can take withdrawals if…

Details

Inherited IRA SECURE Act wealth management tax advisor retirement planning jupiter fl 1000px

The SECURE ACT’s “10-Year Rule” for Inherited IRAs

On Friday, December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law.  The broad intent of the legislation is to make it easier for families to save more for retirement, but it also includes several unfavorable provisions intended to offset the loss of tax revenue likely to result…

Details