2 results for tag: Retirement Account
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 ...
NUA Choice: A Tax Strategy to Consider If You Own Company Stock
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
Are you an employee who owns your corporate employer’s stock inside a company 401(k), employee stock ownership plan (ESOP); profit sharing plan, or other qualified employer-sponsored retirement plans?
If so, you should start thinking about what to do with the stock when you retire or leave your employer. Your decision can have big tax consequences.
Most people don’t think about it and simply roll the assets from their employer retirement plan into an IRA or a 401(k) with their new employer (if they’re changing ...