RMDs

Heirs of IRAs and 401(k)s won't need to take annual distributions before cashing out within a decade of receiving the plans, the agency says.

Experts have identified a dozen credits, deductions and more as worth particular attention this year.

After a waiver, required minimum distributions from certain retirement accounts — including traditional IRAs and 401(k)s —return for 2021.

The agency began digging into the massive tax law addressing issues that needed immediate clarification.

To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.

A comprehensive guide to how these provisions affect retirement plans

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

By making the right moves, retirees can reduce their taxable income and owe less in capital gains taxes, an expert says.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries.

“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.

Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.

A rule designed to prevent simple deduction abuses brings significant complexity to planning.

The IRS now says some unwanted RMDs can be undone, eliminating the tax bill

Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.

Seniors should focus on what they can control — such as their reaction to market volatility and their long-term savings.

The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.