RMDs from Inherited IRAs Deferred Until 2025

On April 16, 2024, the Internal Revenue Services (IRS) released Notice 2024-35, granting relief (again!) for failure to make requirement minimum distributions (RMDs) from an inherited IRA (or from other inherited retirement accounts). This means that if you have inherited an IRA from someone who passed away in 2020 or later, then you are not required

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Piggy Bank

Grandparent 529 Plans

529 plans are a popular and effective way to save for education-related expenses, but historically, one potential drawback of grandparent 529 plans has been that they can affect financial aid eligibility for the beneficiary. However, thanks to upcoming changes to the Free Application for Federal Student Aid (FAFSA), distributions from a grandparent’s 529 plan will no longer

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