Category: Required minimum distributions

  • CARES ACT Changes Retirement Plan and Charitable Contribution Rules

    CARES ACT Changes Retirement Plan and Charitable Contribution Rules

    As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27. The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief,…

  • Four New Law Changes that May Affect Your Retirement Plan

    Four New Law Changes that May Affect Your Retirement Plan

    If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four changes. Change #1: The maximum age for making traditional IRA contributions…

  • Congress Gives a Holiday Gift in the Form of Favorable Tax Provisions

    Congress Gives a Holiday Gift in the Form of Favorable Tax Provisions

    As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also includes a retirement-related law titled the Setting Every Community Up for Retirement…