The Most Controversial Part of the New IRS Regulations

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 A new “10-year rule” was put in place and experts believed the IRA balance had to be withdrawn by the end of the 10-year period with no annual distribution requirements.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. Two weeks ago, the IRS released the long-awaited SECURE Act RMD proposed regulations and flip-flopped. If annual RMDs are required, some taxpayers could already be in trouble. [...]

By |March 7, 2022|Categories: Articles, The Slott Report|Tags: , , , |

Should You Defer Your Taxes Until Retirement?

When it comes to taxes, there’s an expensive difference between smart planning and just plain procrastination. At Charles W. Rawl & Associates, we strive to achieve three Critical Outcomes. Critical Outcome #1 is that our retirement income plan is Tax Savvy.  Sometimes it is necessary to throw out conventional wisdom! Tax deferral can be a powerful incentive for funding a retirement account. It is difficult to ignore the allure of a plan that allows you to save on taxes now as you save money [...]

By |November 19, 2019|Categories: Articles, Smart Investing|Tags: , |
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