3 results for tag: IRA
Use In-Kind RMDs to Avoid Selling Your Retirement Account Assets
The stock market isn't doing so great these days. While a number of factors have played a role in this year's bear market (2022), skyrocketing inflation — the highest in over 40 years — and aggressively rising interest rates, have combined to drive share prices down in most sectors. It’s down nearly 20 percent year to date.
And, Bonds haven’t done so well either... And the IRS doesn’t seem to care.
If you’re 73 or older, you still have to take your annual RMD (Required Minimum Distribution) from your traditional IRA, SEP-IRA, or SIMPLE IRA by the end of the year. (RMDs are not required for Roth IRAs so long as the account holder is ...
IRAs for Kids
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
Working at a young age in the United States is an American tradition. I did it... I worked at my Father's Construction Business at an early age that taught me a lot of lessons along the way.
What isn’t so traditional is the notion of your child contributing to their own IRA, especially a Roth IRA. But it should be a tradition because it’s a really good idea.
Here’s what you need to know about IRAs for your child. Let’s start with the Roth IRA option.
Roth IRA Contribution Basics
The only Federal-Income-Ta...