IRAs

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

When the tax agency said annual withdrawals would be required before an account is drained by year 10, it created a firestorm. Here's what's happening now.

Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.

With prospects for major tax hikes in the rear view (for now), it’s the time to blueprint ways to reduce clients’ taxable income for ‘22.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

Spending down savings is a challenge for many in older age

Technology gives investors more opportunity to diversify than ever, but experts worry about exotic strategies in IRAs.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

The proposed law would ban all IRAs, regardless of size or owner’s income, from holding unconventional assets like stakes in private companies, real estate and startups.

As more and more employees gear up to leave their jobs in a post-pandemic hiring frenzy, economists fear the issue will only get worse.

The number of accounts with balances of at least $1 million grew 84% year over year, while the number of seven-figure IRAs jumped more than 64%.

Advisors share a tax trick that allows professionals to build seven-figure retirement plans.

Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS.

New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.

For most people, thinking that investing in crypto with retirement money could save on taxes may just wind up jeopardizing their retirement, writes Alexis Leondis.

Pandemic-driven laws eased tax burdens on loans and withdrawals from 401(k) and IRAs, leading some clients to tap into their accounts while many others avoided a raid.

With the burden on participants to figure it all out, it's no surprise that more often than not, they just give up, Alexis Leondis writes.

While after-tax funds in employer-sponsored plans are tracked by plan administrators, clients are on their own with traditional IRAs, Jeffrey Levine writes.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.