The IRS has announced a new and expedited process that offers relief to taxpayers who have missed the 60-day deadline for rolling over distributions from employer-sponsored plans and IRAs.
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Confused about treatment of both pretax and aftertax dollars in a qualified plan? Here’s some updated guidance from the IRS.
Keeping abreast of the “60-day” rule and various nuances can protect your nest egg.
A recent webinar indicated that advisors are eager for information on how to grab a piece of the $7 trillion IRA market.
IRS Notice 2014-54 answered a question investors and advisors had been asking for years.
IRS Form 8606 may be the single most important document for owners of IRAs that contain aftertax dollars, and it could save them from being taxed twice on their retirement savings.
By combining multiple savings accounts, investors may get a clearer picture of where they are on the road to retirement.
Workers with employer-sponsored retirement plans have decisions to make about their assets when they leave their jobs. One option—rolling them over into an IRA—offers potentially attractive benefits.
Be careful not to step out of bounds.
Confused about treatment of both pretax and after-tax dollars in a qualified plan? Taxpayers just received an early holiday gift from none other than the IRS.