by Kenny | Nov 1, 2018 | IRA BLOG
By Jeremy T. Rodriguez, JD IRA Analyst Question: Ed, I have converted a traditional IRA to a Roth this year, also have another Roth opened 10 years ago. Does IRS consider the converted Roth as being opened 10 years ago as far as earnings go? Can I combine the two... by Kenny | Oct 29, 2018 | IRA BLOG
By Jeremy T. Rodriguez, JD IRA Analyst Most defined contribution company retirement plans are going to consist of at least two components: the contributions the employer makes to the plan and the deferrals from salary the employee makes into the plan. Plans do not... by Kenny | Oct 22, 2018 | IRA BLOG
By Jeremy T. Rodriguez, JD IRA Analyst Like other accounts, distributions from IRAs of basis comes out tax-free. In this setting, basis would include both nondeductible IRA contributions and after-tax funds rolled over from company plans. While after-tax funds in an... by Kenny | Oct 17, 2018 | IRA BLOG
By Beverly DeVeny IRA Analyst After Hurricanes Harvey, Irma and Maria in 2017, Congress passed special legislation allowing expanded access to retirement plan funds for individuals affected by those storms. Congress also previously enacted that sort of legislation... by Kenny | Oct 15, 2018 | IRA BLOG
By Jeremy T. Rodriguez, JD IRA Analyst SIMPLE IRAs are popular retirement vehicles for small businesses. They are relatively cheap to adopt and are easy to understand and administer. However, that doesn’t mean problems do not arise. Routinely, we see issues involving... by Kenny | Oct 11, 2018 | IRA BLOG
By Beverly DeVeny IRA Analyst IRA owners can clearly combine the accounts they own and they can combine the required minimum distributions (RMDs) from multiple IRAs and take them from any one or combination of their IRAs. But what are the rules for inherited IRAs? An...