The SECURE Act changed the rules for distributing assets from an inherited IRA upon the death of an IRA owner. Here’s what you need to know… IRAs come with their own set of rules such as-minimum age for withdrawals, required minimum distributions after a certain age, taxes, and penalties to…

In many families, more assets pass outside the Last Will than through the Last Will. Think about non-probate assets: life insurance proceeds, investment accounts, jointly titled real estate assets, assuming they were titled as joint tenants with right of survivorship, and the like. These often add up to considerable sums…

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000. The increase in the Fed’s key short-term rate raised it to a range of 0.75% to 1%, the highest…

On March 29th, the House of Representatives voted 414–5 in favor of the “Securing a Strong Retirement Act of 2022” or as it is better known, SECURE Act 2.0. Next the bill will go to the Senate and if passed will expand on the SECURE Act passed in 2019. The…

Most kids don’t think about retirement or fully understand it, but as parents, you can open a minor Roth IRA for your child and start their retirement funds early. An IRA can be one of the greatest gifts you give your child, even if they don’t understand or recognize it…

The Federal Reserve’s first rate hike in years has sparked bond volatility, pushing investors to search for yield elsewhere. Michael Hunstad, head of quantitative strategies at Northern Trust examines how high dividend strategies appear to be a good alternative: Rising interest rates and difficult fixed income markets have prompted…

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or other retirement plans. Fortunately, there may be ways to minimize or even eliminate the IRD tax bite. Basic rules For the most…

With an explosion in interest in alternative investments, it seemed worthwhile to lay out the actual rules with regard to what you can and cannot do with an IRA. You may discover that many retirement plan providers, whether those plans are 401(k)s or IRAs, have significant additional limitations above and…

Taxes are on the minds of many this time of year with the filing deadline looming. But too often, people think about taxes only on a one-year-at-a-time basis, forgetting or putting off the need to adjust their strategy for future years — most importantly, their retirement. As you prepare for…