New IRS Ruling about IRA Transfers vs. Rollovers: What’s the Difference?

A new ruling from the IRS could mean big changes for retirement assets.   As a result of a recent U.S. Tax Court decision, the IRS has changed its interpretation of the “once per year” IRA rollover rule to mean exactly that:  Only one IRA-to-IRA rollover is permitted during a 365-day period from any of […]

Year-End RMD Tax Alert

It’s that time of year, and we must focus on our Required Distributions from our retirement plans.  This alert is simply a reminder to check that your requirement has been fulfilled.   As you know, failure to distribute this required amount by December 31 of each year could result in a 50% tax penalty! For our […]