If you are retired, you can still make a contribution to an IRA or a Roth IRA? If you are 70-1/2, can you use some or all of your required minimum distribution to contribute to an IRA or Roth IRA?
Is contributing to a nondeductible IRA really a bad idea?
Thanks to a new tax law, you will no longer get a tax deduction for charitable contributions. We have a solution for you.
Trusts are complicated. IRA required minimum distribution rules are complicated too. When you mix the two together by naming a trust as an IRA beneficiary, bad things can happen. Here’s an example…