Why IRA Distribution Planning Could Be the Most Important Thing You Do for Your Clients This Year

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Key IRA Distribution Planning Questions to Ask Your Clients

Income taxes will reduce how much account owners receive from their traditional IRA savings. But planning ahead can help mitigate those taxes. Start the process now for the 2019 tax year.

How the 2 Roth IRA 5-Year Rules Work

Two 5-year rules are the benchmarks that determine whether distributions from a Roth IRA are subject to income tax and/or the 10% early distribution penalty. Advisors should encourage clients to keep careful records of Roth activity, lest they get inappropriately charged.

Handling Large IRAs Under the New Tax Act: 3 Things to Consider

IRA distribution planning is becoming a high-stakes game for clients in more ways than one. Gone are the days when simply dropping dollars into a traditional IRA was the sensible thing to do.

New Tax Reporting Changes for IRA and Plan Distributions

The IRS has changed the line numbers for reporting IRA and employer plan distribution on Form 1040, U.S. Individual Income Tax Return. Advisors should make note of these changes, to help ensure that they can respond to related questions from clients.