The recent FEDZONE column entitled “Understanding Spousal IRA Beneficiary Rules” reviewed three IRS regulations concerning the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA.
This column reviews three important required minimum distribution (RMD) rulings with regard to the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA.
Much has been written in recent years in financial journals and media outlets about the year-of-death required minimum distribution (RMD). Nevertheless, the rules governing the year-of-death RMD continue to confuse…
The SECURE Act became law on January 1, 2020. One of the provisions passed as part of the SECURE Act was regulations on required minimum distributions (RMDs) for inherited IRAs…
This is the third of three FEDZONE columns presenting the financial considerations of owning two residences in retirement. This column discusses financial management, considerations when choosing a financial advisor to…
This FEDZONE column is the second of three FEDZONE columns presenting the financial considerations of owning two residences in retirement. The first column discussed choosing owning versus renting a second…
For most federal retirees, retirement is a time of change. One of those changes is a change in residence. Some federal retirees prefer to live in one location during the…
The IRS penalty for missing a required minimum distribution for many years was 50 percent of the amount that should have been withdrawn from a traditional IRA or a qualified…
When a Medicare Part B beneficiary dies, his or her estate or surviving family members may be entitled to a refund or monthly Medicare Part B premiums previously paid. This…
Most federal retirees are eligible to receive a monthly Social Security retirement benefit, starting as early as age 62.