IRA

Woman calculating the five year rules

The Five Year Rules of Roth Distributions

Roth IRA’s are one of the most popular retirement accounts. Roth IRAs have many advantages over tax-deferred accounts, namely the ability to provide tax-free growth. The ability to provide tax-free growth is premised on making contributions with after-tax dollars. As I’m sure you are well aware, you must pay taxes on essentially each dollar you …

The Five Year Rules of Roth Distributions Read More »

couple discussing an inherited IRA

How to Handle an IRA Inherited from your Spouse

When someone passes away leaving money in a traditional IRA, the money will go to whomever is listed as the beneficiary of the retirement account. That is simple enough, and is accomplished by writing names in the appropriate blocks on the IRA form at opening.  When this happens, the beneficiary has an inherited IRA. However, …

How to Handle an IRA Inherited from your Spouse Read More »

Scroll to Top