The IRS has a new interpretation of the 2019 Secure Act, including proposed regulations surrounding RMDs for inherited retirement accounts. The Internal Revenue Service has proposed rule changes that ...
Tag: IRA
Will Your 401(k) Rollover Count as an IRA Contribution?
SmartAsset: Does 401(k) Rollover Count as IRA Contribution? If you have an old 401(k) at work, you might decide to roll it over to an individual retirement account (IRA). But does 401(k) rollover coun...
Georgia Shows Contrasting Direction Of Federal & State Tax Burdens
Senator Raphael Warnock bumps elbows with Stacey Abrams during a campaign rally with U.S. … [+] President-elect Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images While Congress is gett...
Stock Buyback Tax Will Harm State & Local Pensions
US President Joe Biden speaks at the 29th AFL-CIO Quadrennial Constitutional Convention at the … [+] Pennsylvania Convention Center in Philadelphia on June 14, 2022. (Photo by Nicholas Kamm / AF...
How to Avoid Roth IRA Taxes
SmartAsset: Roth IRA and Estate Tax Guide Tax planning for your retirement accounts is an important part of setting your beneficiaries up to maximize the benefit of what you leave behind after you die...
Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.
In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve saved for years in a 401(k) plan, you’ll want to know how — or whether — to roll...
70% of Millennials Crypto Owners Invest in IRA, Survey Shows
Irrespective of the current outlook in the digital currency ecosystem, the number of millennials dipping their foot in the space is growing by the day. According to a new survey report from AltoIRA, ...
The DOL has a new IRA rollover rule for advisers to follow
IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...
Should You Roll Over Your 401(k) to an IRA? It Can Cost You Tens of Thousands.
Text size Retirement savers would do well to check the fees on fund holdings in 401(k) accounts held at former employers before rolling over to an IRA. Workplace savings plans tend to have more favora...
3 big problems with Congress’ new retirement reforms
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the meas...
What are the Benefits of Investing in a Bitcoin ROTH IRA?
Talking about the cryptocurrency market is growing very fast. Bitcoin was the first cryptocurrency created and the industry is growing rapidly. In the same year i.e.2022, it reached $ 2 trillion. 2021...
How Much Tax Do You Pay on a Roth IRA Conversion?
You can shift money from a tax-deferred individual retirement account (IRA) into an after-tax account—but how much tax do you pay on that Roth IRA conversion? And does it always make financial sense t...
Is now a good time to do a Roth IRA conversion?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. A...
Gemini’s Legal Troubles Continue With New IRA Lawsuit
After the CFTC, the Gemini Trust Co. has now been sued by the IRA over the former’s failure to prevent a hack that resulted in pension fund losses amounting to $36 million. IRA Sues Gemini The crypto ...
Why did Crypto IRA Company sue a lawsuit against crypto exchange Gemini?
Miami based retirement accounts managing company went on to sue crypto exchange Gemini, however the latter denies the allegations. The company responsible for managing the individual retirement ...
IRA Financial Trust files charges against Gemini over February hack
IRA Financial Trust has launched a lawsuit against the Gemini cryptocurrency exchange. IRA Financial Trust is a company that manages individual retirement accounts dealing in non-traditional financial...
IRA Financial Trust Files Lawsuit against Gemini for $36m Crypto Hack
IRA Financial Trust (IRA), a major platform for self-directed retirement and pension accounts, announced on Monday that it has filed a lawsuit against Gemini crypto exchange for its alleged role in th...
Crypto IRA provider says it is suing Gemini for alleged role in $36 million breach
IRA Financial Trust, a provider of crypto IRA services, said Monday that it is suing crypto exchange Gemini for its alleged role in the breach of customer retirement accounts. IRA Financial, which has...
Crypto IRA Company Sues Gemini Over $36M Theft of Bitcoin, Ethereum
In brief IRA Financial Trust lost $36 million in crypto in a February hack. The company uses New York-based crypto exchange Gemini to hold its digital assets. It alleges that Gemini “did not hav...
IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February
On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeg...
Gemini Sued by IRA Financial Over $36M Hack
Key Takeaways IRA Financial, a company that provides services for self-directed retirement and pension funds, is suing crypto exchange Gemini over its failure to prevent the hack of $36 million of IRA...
Avoiding “Prohibited Transactions” in Your IRA
After setting up your Individual Retirement Account (IRA), you will be working to achieve the best possible returns to ensure a comfortable retirement. However, there are limitations on what you can d...
Should I name my spouse or my trust as the beneficiary as my 401(k) and IRA?
Dear Harry, I’m married and want my entire estate to go to my spouse. I have a revocable trust which will continue for my spouse’s benefit upon my death. Should I name my spouse or my trust as the ben...
Hot Off The Grill! Why Your Retirement Sizzles Like A Juicy Hamburger
getty As you celebrate National Hamburger Day (May 28th) this Memorial Day Weekend, retirement is probably the last thing on your mind. But as the sizzling aroma of those grilling burgers captivates y...
I pay $2,164 a year in retirement account fees – one month’s worth of contributions – should I leave one of the plans for an IRA instead?
I’m 44, married and have a small family. I have been working a government job for 15 years. I make approximately $41,000 take home per year ($3,416.00/month) after all deductions and savings. I contr...
How Can Retirees Recover Their Savings Lost During A Sudden Market Decline?
getty It’s happening right now. Just as many committed themselves to “The Great Resignation,” the market has decided it doesn’t like the prevailing economic conditions. And with that, those on the cus...
No, the markets are not panicking about inflation
If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the re...
Here’s why a Roth IRA conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
Watch out — this one mistake could cost you thousands when you rollover your 401(k) to an IRA
Here’s a pro tip that can hardly be said often enough. When you change jobs and you think about rolling over your old company’s 401(k) to an IRA…watch out for all the extra fees. “Thousands of dollars...