What happens to an Individual Retirement Account when the IRA owner dies? It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the ...

So IRA-to-IRA transfers are not reportable on Form 5498, but some IRA providers do report them there, erroneously. To head off such mistakes, it may help (when you are requesting an IRA-to-IRA ...

Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into that experience along with her time spent in academia ...

Here’s a question I get at least once a week: “I’m dealing with a trust that holds an inherited IRA. Can the trustee transfer that IRA out to the individual ...

Key takeaways IRAs are a tax-advantaged way to save for your future. You can open an account even if you’re also investing in an employer-sponsored account like a 401(k), assuming you meet the other ...

In Private Letter Ruling 201943020 (released Oct. 25, 2019), the Internal Revenue Service considered the tax implications of a trustee-to-trustee transfer between individual retirement accounts in ...

Divorces are often messy, as was the case for Michigan doctor John Kirkpatrick. Dr. Kirkpatrick separated from his wife, Christiana, in 2012, but six years later, found himself in Tax Court after he ...

[Question]I have to take a $20,000 required minimum distribution from my Vanguard IRA this year. I'd like to give $5,000 tax-free to a charity and withdraw the remaining $15,000 for myself. A Vanguard ...