4) Cameron passed away on March 23, 2020 and designated as IRA beneficiary a nephew. A nephew is not an EDB and so must use the 10-year payout rule. The nephew then designates his sibling as successor beneficiary. If the nephew subsequently dies in 2023, prior to depleting the IRA, th...
For tax year 2024, the most a couple can contribute to their spousal IRAs is $14,000 ($7,000 each) if they're under 50. If they're age 50 or older, it's $16,000 ($8,000 each), due to acatch-up contributionprovision. For tax year 2023, they could have contributed up to $...