If you have a Roth IRA, understanding the Roth IRA 5-year rule is critical to avoiding taxes and penalties when you withdraw money. Here's more details!

"I expected to pay about 15% in capital-gains tax." (Photo subject is a model.) ...

My share of the home alone would be valued at $300K per the trust. If she distributes the funds three ways, my share becomes ...

Inheriting a retirement account can be a double-edged sword. While it often represents a significant financial boon, the tax implications that accompany such an inheritance can be unexpected and ...

To illustrate, consider a scenario where an individual inherits a $100,000 IRA. Under the 10-year rule, they must withdraw the entire amount within a decade. If they withdraw a substantial amount in a ...

Inheriting assets may provide a new level of financial security, but it may also come with some unexpected tax consequences. Our Jonathan Skinner recently discussed with financial expert Jay McGowan ...

He is also faced with decisions that will affect his financial future: Ryan’s mother left him a portfolio of mutual fund ...

Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...

An inherited IRA lets you keep retirement savings in a tax-advantaged account, but you’ll need to follow strict distribution rules to avoid paying taxes.

While stock values get the most attention after the Fed cuts rates, they affect trusts, too. Some beneficiaries of entities ...

"Most of my income goes to daily expenses and supporting my kids." (Photo subject is a model.) I'm a widow in my early 40s with three children. My youngest is a special-needs child still in school, my ...