In order for the IRA transfer to qualify: Donor must be 70½ years of age or older when the gift is made Charitable distributions cannot exceed $105,000 per IRA holder in a tax year Transfer must be ...

Sara made a wrong move: Sara contacted ABC Custodian in 2024 and told them she wanted to roll over the inherited Roth IRA. They had her complete a distribution request form and gave her a check ...

If you fail to take the required minimum distribution (RMD) from your retirement account, then you will need to take these steps to avoid a 25% penalty.

If you are 73-years-old or older and haven’t taken a Required Minimum Distribution ... owners should file Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored ...