From RMDs to student debt, SECURE 2.0 has something for everyone. Fidelity Viewpoints Key takeaways The penalty for failing to take an RMD decreased to 25% of the RMD amount, from 50%, and 10% if corrected in a timely manner within 2 years for IRAs. As of 2024, RMDs are no longer...
Opportunity to explore:If you plan to transfer funds from an IRA to a charity, you can donate a larger amount starting in 2024. Additionally, though the RMD age has increased, the age at which you can start taking QCDs remains 70½. Taking advantage of QCDs before you reach your RMD a...
Secure 2.0 is far-reaching legislation that changes rules on saving for retirement and emergencies and for taking money out of retirement plans By Richard Eisenberg Last Updated: Jan. 9, 2023 at 9:22 a.m. ETFirst Published: Jan. 9, 2023 at 5:00 a.m. E...
Also, ***important point*** pay the taxes with money you have outside the IRAs, as you want the new Roth funds to continue growing, but taking a big bite out to pay for taxes would hamper their ability to keep growing for you. Reply Ralph December 23, 2017 at 11:15 am It is a...
Social Security for the Suddenly Singlecan be found on Amazon atthis link. This book is narrowly-focused on divorcee Social Security strategies and rules. It is also available in aKindle version. Sterling’s first book,Lose Weight Save Money, can bepurchased by clicking this link. The book ...