New Rule on IRA Disclaimers: Your client can pass the benefits of an inherited IRA to a child, even after taking a six-figure distribution. Here's how it w... Study of the distribution of the age-populations of detrital zircons in the Snake River system suggest that specific stream syste...
Inherited annuities pose some challenges for those who receive them, but the basic principle to understand is that any distribution is taxable if tax has not been paid on the money before, unless it’s in a Roth account. Heirs should pay attention to potential inheritance and estate taxes, to...
Traditional IRA:You can potentially get a deduction for your contributions to a traditional IRA. You are not taxed on your earnings in your traditional IRA until you take a distribution. Your qualified distributions from a traditional IRA are taxable at ordinary income rates. Roth IRA:You contribu...