Managing RMDs is a key factor in being Tax Savvy in retirement. As a member of Ed Slott’s Master Elite IRA Advisor Group, Charlie Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. 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 [...]

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. 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 [...]

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 A new “10-year rule” was put in place and experts believed the IRA balance had to be withdrawn by the end of the 10-year period with no annual distribution requirements.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. As a member of Ed Slott’s Master Elite IRA Advisor [...]