IRAs Archives - Charles W. Rawl & Associates, LLC

Three Retirement Account Takeaways from OBBBA

By Sarah Brenner, JD Director of Retirement Education On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” (OBBBA). This mammoth domestic policy and tax law is hundreds of pages long and will impact many people in all kinds of ways. What does it mean for your retirement account? Here are three takeaways from the “Big Beautiful Bill”: 1. Rothification will continue. While OBBBA does not include any new Roth account provisions, it is likely that in its wake the trend of “Rothification” will [...]

By cwrawl|July 14, 2025|Categories: IRA Best Practices|Tags: IRAs, Roth IRA, Tax Savvy|

When You Should Name a Trust as IRA Beneficiary

By Sarah Brenner, JD Director of Retirement Education We hear many stories about trusts being named as IRA beneficiaries and the problems that follow. Often, there seems to be no purpose for naming the trust and it brings unnecessary complications. Trusts won’t help with income taxes. In fact, they can increase the tax hit because IRA funds may be subject to high trust tax rates. Naming a trust is not something that should be done without a clear purpose. Here are six good reasons to name a trust as [...]

By cwrawl|June 11, 2025|Categories: IRA Best Practices|Tags: Estate Planning, IRAs, Tax Savvy, Trusts|

Why You Should Take Your 2025 RMD Now

There are good reasons why you should take your RMD now instead of waiting. By Sarah Brenner, JD Director of Retirement Education Ed Slott and Company The deadline for most retirement account owners to take their 2025 required minimum distribution (RMD) is December 31, 2025. However, there are good reasons why you should take your RMD now instead of waiting. You are doing a rollover. Maybe you are retiring this year, and you are now moving your employer plan funds to an IRA, or maybe you are tapping [...]

By cwrawl|April 4, 2025|Categories: IRA Best Practices|Tags: IRAs, RMDs, Taxes|

New Rule: All IRA RMDs Must Be Satisfied Prior to Doing a Roth Conversion

By Andy Ives, CFP®, AIF® IRA Analyst Yes, you read that title correctly. This rule was confirmed in the 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different custodians, the total aggregated IRA required minimum distribution (RMD) must be withdrawn before any Roth IRA conversion (or 60-day rollover) can be completed. [This does NOT include RMDs from work plans like a 401(k).] Aggregation rules tell us that RMDs for each IRA must be calculated separately, but [...]

By cwrawl|November 4, 2024|Categories: IRA Best Practices|Tags: IRAs, RMDs, Roth IRA|

How Are RMDs Calculated in the 10-Year Period

By Ian Berger, JD IRA Analyst In the July 22, 2024 Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a controversial position it had taken in its 2022 proposed regulations. The issue is whether a retirement account beneficiary subject to the 10-year payout rule who inherits from an IRA owner after the owner had started RMDs must continue annual RMDs during the 10-year period. The IRS said yes. Sarah [...]

By cwrawl|July 24, 2024|Categories: IRA Best Practices|Tags: IRAs, RMDs, Taxes|

IRS Issues Final SECURE Act Regulations: Controversial Annual RMD Requirement During 10-Year Rule Stands

The IRS has flip-flopped! In the SECURE Act, Congress eliminated the “Stretch IRA” for most inherited IRAs beginning in 2020. A new “10-year rule” was put in place and experts believed the IRA balance had to be withdrawn by the end of the 10-year period with no annual distribution requirements. In May 2021, the IRS confirmed that annual RMDs were not required. The IRS released the long-awaited SECURE Act annual RMD requirement and flip-flopped. Please read the article below. By Sarah Brenner, JD Director of Retirement Education [...]

By cwrawl|July 22, 2024|Categories: IRA Best Practices|Tags: IRAs, RMDs, Taxes|

Roth Conversion Confusion: Taxes Withheld When Under 59 ½

There are many misconceptions about Roth IRAs and confusion abounds. Avoid this irreversible costly mistake and stay on the road to a Tax Savvy retirement. By Andy Ives, CFP®, AIF® IRA Analyst There is no doubt we have written about this topic in past Slott Report entries. Possibly many times. There is also no doubt that people continue to make this same error, over and over again. Such was the case recently when the Ed Slott team visited with 150-plus financial advisors from across the nation in [...]

By cwrawl|July 31, 2023|Categories: IRA Best Practices|Tags: IRAs, Roth IRA|

Help a Young Person Use Summer Earnings to Start a Roth IRA

Wouldn’t it be great to guide our children and grandchildren into a Tax Savvy financial future? Teach them to save in the tax-free bucket at a young age! By Sarah Brenner, JD Director of Retirement Education Is your child or grandchild working hard this summer? A summer job can be a valuable experience for a young person. Whether it is making smoothies, serving tables, or being a camp counselor, a summer job can teach life skills and give a first opportunity to manage finances. An important part [...]

By cwrawl|July 24, 2023|Categories: IRA Best Practices|Tags: IRAs, Roth IRA|

ROTH-O-MANIA!

By Sarah Brenner, JD IRA Analyst SECURE 2.0 is now the law of the land and one thing is very clear. Roth-O-Mania is here! In their quest for more revenue, Congress has created more options to save with Roth accounts. These accounts bring in the immediate revenue that Congress desperately needs. For retirement savers, these Roth options offer the promise of potential tax-free earnings and withdrawals down the road. Here are 5 new Roth savings opportunities brought by SECURE 2.0: Roth SEPs and SIMPLEs. Beginning in 2023, SEP and [...]

By cwrawl|January 23, 2023|Categories: Articles, IRA Best Practices, Smart Investing|Tags: IRAs, Retirement Planning, Roth IRA|

Happy Holidays! Congress Gifts SECURE 2.0

By Sarah Brenner, JD Director of Retirement Education This holiday season Congress has given us SECURE 2.0. With no time to spare to avoid a government shutdown, they passed the $1.7 trillion Consolidated Appropriations Act of 2023 and sent it off the President for signature. Tucked inside the more than 4000 pages of legislation, you can find SECURE 2.0. While this “Son of SECURE” is not exactly the game changer for IRAs that its “Dad” (the original SECURE Act) was, there are still many changes that will affect IRA [...]

By cwrawl|December 28, 2022|Categories: Articles, IRA Best Practices|Tags: IRAs, RMDs, Taxes|

Charlie Rawl is keenly focused on helping his clients work toward their retirement dreams through a comprehensive financial strategy. He has distinguished himself throughout his career as a troubleshooter and problem-solver, designing and implementing creative solutions to often-complex challenges.

He has three decades of experience in financial services, encompassing commercial banking, insurance and investment management. This diverse experience gives him an invaluable perspective in conducting detailed analyses and creating state-of-the-art wealth management and retirement income solutions.