Your beneficiary designation will often control where your IRA goes once you pass away. Make sure you don't leave unintended ...

Take Becka, a hypothetical married mother of three who inherited her mom’s individual retirement account (IRA). She needs to take a required minimum distribution (RMD) of $10,000 in 2025, but there’s ...

Every week, Allworth Financial’s Amy Wagner and Steve Hruby, CFP ®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those questions ...

For example, spouses who inherit an IRA or 401 (k) can roll that money into their own account. Depending on how old the ...

To calculate your RMD, the IRS will use a formula that includes your total account balances, your age, your life expectancy, and your beneficiary life expectancies. If you inherit an IRA for someone ...

For example, some beneficiaries choose to only take the RMDs and end up with a large remaining balance in year 10, which then ...

The SECURE Act of 2019 and the SECURE Act 2.0 of 2022 all but fundamentally changed retirement account rules in ways that continue to catch both retirees and their beneficiaries by surprise. The ...

What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost our retirement savings. My wife is a homemaker and caregiver, and works parttime too, but her ...

According to the Investment Company Institute, the amount of assets in IRA accounts and employer defined contribution plans reached $29 trillion at the end of 2024. With this amount of wealth in ...

It's my understanding that under the Employee Retirement Income Security Act, if a 401(k) participant is married, their spouse is their automatic primary beneficiary. What happens if the participant ...

Divorce does not automatically change who will inherit your 401k. Make sure you know the rules and update your plans.