An IRA transfer and rollover involve moving money from one account to another. But there are some subtle differences between them. An IRA transfer moves money from one IRA directly into another without the need to liquidate the original account. In most cases, the transfer moves the money from...
March 25: If you have a tax-deferred retirement account, such as a traditional IRA or workplace regular 401(k), and are a septuagenarian, you could be facing a required minimum distribution (RMD) due date in just more than a week. If you turned 73 last year and didn't take your ini...
Read -Inherited retirement accounts: What are your options? • There may be more opportunities to complete Roth conversions. A Roth conversion is when you convert pre-tax assets in a traditional IRA to Roth assets and pay the income tax in the year the conversion takes place. This is typic...