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Category Archives: IRA Education

10 Things to Know About a Beneficiary IRA (or Inherited IRA)

A Beneficiary IRA allows inheritors/beneficiaries to manage inheritance passed down to them in the form of a retirement account. This allows the deceased account holder to pass along tax-advantaged savings to his or her heirs. But, oftentimes, the first time one learns about a Beneficiary IRA is when he or she suddenly inherits a retirement […]

What Should You Do with Your Orphaned 401(k)?

Over the past few decades, Americans have witnessed a shift from defined benefit plans to defined contribution plans. The most notable defined contribution plan is the 401(k), many of which are forgotten about once we change jobs. In fact, millions of Americans are leaving assets in a 401(k) after changing jobs. TIAA-CREF estimates that 30% […]

72(t) and Other Exceptions to the Early Withdrawal Penalty

Have you heard of the 72(t) rule? Chances are that if you have, it was in reference to substantially equal periodic payments. While those are certainly important to know about, there’s even more to learn about this critical section of the code. Did you know you can find other exceptions to early distribution taxes within […]

Can You Make an IRA Contribution Without Earned Income?

Most know you aren’t allowed to contribute to an Individual Retirement Account (IRA) without earned income. Without taxable compensation, you lose eligibility for a direct IRA contribution. So what is the recourse for those on disability, the unemployed, or the stay-at-home parents? Are they completely out of luck when it comes to retirement savings? Not […]

Retirement Terms of Endearment: Conduit, Inherited, and Traditional IRA

Retirement terminology can be quite confusing for investors. While much of it originated in the tax code and regulations like the Employee’s Retirement Income Security Act (ERISA), the IRA service industry actually gave life to several of its now-commonplace words and phrases. And some of those terms, while they may be terms of endearment for […]