By Ian Berger, JD IRA Analyst Many employers with company plans, and their recordkeepers, are scrambling to be ready for the soon-to-be-effective SECURE 2.0 rule requiring high-paid employees to make plan catch-ups contributions to Roth accounts. Here are 8...
1) Waiting too long to enroll If you miss your Initial Enrollment Period (the 7-month window around your 65th birthday) and don’t have qualifying employer coverage, you may face lifelong Part B and Part D penalties.Fix: Mark your IEP dates, or talk with an advisor 2–3...
1) The 2026 Tax Shift: Why “Do Nothing” Could Cost More Unless Congress acts, many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to expire after December 31, 2025. That likely means higher marginal brackets and a lower standard...
By Sarah Brenner, JD Director of Retirement Education Question: We have a 16-year-old minor inheriting an IRA from her 40-year-old father. Is it true that the child will have to take required minimum distributions (RMDs) each year until age 21? Then, at age 21...
By Sarah Brenner, JD Director of Retirement Education A few months ago, the IRS introduced a new Code Y for the reporting of qualified charitable distributions (QCDs) by IRA custodians on the 2025 Form 1099-R. The IRS has now issued guidance on its website...
