Understanding Spousal IRA Beneficiary RMD Rules
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.
New IRS Regulations on Year-of-Death RMDs
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…
IRS Issues Final RMD Rules Under SECURE Act 2.0: What Should Affected Individuals Do?
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…
Financial Considerations of Owning Two Residences in Retirement – Part III
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…
Financial Considerations of Owning Two Residences in Retirement – Part II
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…
Financial Considerations of Owning Two Residences in Retirement – Part I
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…
Assessing the Consequences of the SECURE Act 2.0 RMD Penalty Reductions
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penalty for missing a required minimum distribution for many years was 50 percent of the amount that should have been withdrawn from a traditional IRA or a qualified…
How to Get a Medicare Part B Premium Refunded After the Death of a Loved One
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…
What Federal Retirees Can Do to Minimize Medicare Part B IRMAA
Most federal retirees are eligible to receive a monthly Social Security retirement benefit, starting as early as age 62.
Delaying Traditional TSP and Traditional IRA RMDs Can Result in Additional Income Taxes
Most of us would prefer not to pay up-front for anything that could be paid for at a later time. That is true for paying income taxes on retirement distributions,…