When naming an IRA beneficiary, most people think first of family members, but individuals are not the only option. Charities, trusts, and estates can also inherit IRA assets, making it important to understand how beneficiary designations can affect distribution rules, tax consequences, and overall estate planning goals.
Read MoreThe window to establish a SIMPLE IRA for the current year is closing. Employers have until October 1 to evaluate key plan design choices, understand new opportunities created by SECURE 2.0, and ensure their SIMPLE IRA is fully operational in time for employees to take advantage of year-end contribution opportunities.
Read MoreSECURE 2.0 introduced a new provision that allows certain workplace retirement plans to offer penalty-free distributions for qualified long-term care insurance premiums. While the withdrawals remain taxable, the feature may provide participants with added flexibility to address rising long-term care costs.
Read MoreAlthough largely overshadowed by 529 plans, Coverdell Education Savings Accounts still offer tax-advantaged opportunities to save for education expenses. This article explores how ESAs work, the tax rules governing distributions, and what account owners should know as these legacy accounts continue to age.
Read MoreSafe harbor 401(k) plans offer a streamlined path to maximizing employee and owner contributions, but specific deadlines and notice requirements apply. This expert Q&A explains who benefits most from a safe harbor design and what employers should consider before the year-end planning window closes.
Read MoreHere are some of the changes for 2026 reporting we feel you should know about if you work with IRAs and employer-sponsored retirement plans.
Read MoreThe Internal Revenue Service has issued Revenue Procedure 2026-24, providing inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2027.
Read MoreYou may know the IRA rollover rules so well you can recite them in your sleep. But if you handle HSAs as well, don’t get tripped up on an important distinction between HSA and IRA rollovers.
Read MoreA number of states—about half—have laws that automatically revoke an existing IRA spouse beneficiary designation upon divorce. This can prevent post-death IRA assets from being inherited by someone other than who the IRA owner would intentionally choose.
Read MoreA so-called “solo(k)” is like every other 401(k) in virtually all respects. Where it may differ from group 401(k) plans is in the simplicity of its plan document, and in plan administration.
Read MoreFor many businesses, employee perks like retirement benefits may be desirable, but are secondary to maintaining everyday operations and ensuring profitability. This is especially true for small employers.
Read MoreClients who understand how to strategically use an HSA can create a powerful source of tax-advantaged savings for future healthcare expenses, while potentially improving their overall retirement readiness at the same time.
Read MoreRMDs are simply the government’s way of saying you’ve deferred taxes long enough, and it’s time to recognize these assets as income.
Read MoreThose who leave employment in a year in which they are—or will be—age 55 or older may take distributions from their employer’s retirement plan without being subject to the 10 percent penalty tax.
Read MoreThe Internal Revenue Service (IRS) has issued two coordinated proposed regulations that begin to define how Trump accounts will operate.
Read MoreOn March 15, 2026, Wrangle celebrates a meaningful milestone: 20 years in business. This anniversary marks not just longevity, but two decades of sustained focus on helping brokers, plan sponsors, and partners navigate the complex and ever-revolving world of ERISA compliance with confidence and clarity.
Read MoreWhile your financial organization might not offer customized advice, it’s essential to understand the basics of retirement savings and tax-advantaged accounts. By sharing general guidance about the pros and cons of popular savings accounts, you can help clients make smarter decisions about their savings options.
Read MoreLet’s be honest, no one gets excited about filling out forms. But when it comes to IRAs, the documents matter so much more than people realize.
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