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…
The FedLife Podcast: Why Delaying Your TSP & IRA RMDs Could Cost You More in Taxes
Discover tax implications for delaying Required Minimum Distributions (RMDs) from your traditional TSP and IRA. Explore strategies to manage your tax liabilities effectively and take advantage of current tax benefits.
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…
The FedLife Podcast: IRS Raises Estimated Tax Penalties—info for Fed Employees and Retirees
Discover what you should know to navigate recent changes to underpaid tax penalties that may affect federal employees and retirees. Stay updated to manage potential penalties effectively.
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penalty for missing a required minimum distribution for many years was 50 percent of the amount that should have been withdrawn from a traditional IRA or a qualified…
The FedLife Podcast: Federal Retirement and Military Service Credits Part Two
Discover the military deposit rules and regulations to enhance your retirement benefits under FERS or CSRS.