Here are some of the changes for 2026 reporting we feel you should know about if you work with IRAs and employer-sponsored retirement plans.
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You 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.
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A 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.
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RMDs are simply the government’s way of saying you’ve deferred taxes long enough, and it’s time to recognize these assets as income.
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The Internal Revenue Service (IRS) has issued two coordinated proposed regulations that begin to define how Trump accounts will operate.
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While 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.
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Let’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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July 4, 2026, is the first day on which one can contribute to Trump Accounts. Created by the One Big Beautiful Bill Act (OBBBA) legislation in 2025, Trump Accounts are intended to jump-start savings for young people under age 18.
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If you’ve been thinking about the impending IRA amendment deadline, we have some news.
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While most financial organizations are familiar with Roth IRA conversions, the mega backdoor Roth strategy in certain employer plans has emerged as a technique for supercharging tax-free retirement savings when plan design and nondiscrimination testing allows.
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Individuals may only use compensation earned from services rendered (earned income) to support the funding of a Roth or Traditional IRA.
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The chances that your envelope is going to receive a postmark the same day you drop it off is unlikely, so plan accordingly, according to the USPS.
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In July 2025, the Internal Revenue Service (IRS) announced that it plans to retire its FIRE system in tax year 2026 (i.e., the 2027 tax filing season). The FIRE system will be replaced by IRIS, which will be the only intake system allowed for information returns for the 2027 filing season.
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As we roll into 2026, it’s a good time to revisit what really matters when contributing to a Traditional IRA and what has changed. Whether you’re helping clients plan or just thinking about your own retirement roadmap, these are the key rules to keep in mind.
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A distribution made by an IRA owner who is totally and permanently disabled is not subject to the 10 percent early distribution penalty tax.
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One of the most misunderstood parts of beneficiary designations is the difference between primary and contingent beneficiaries.
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The simplified employee pension, or SEP, is a retirement plan that—like the Energizer bunny of TV commercial fame—just “keeps going and going and going.” That’s because the retirement saving niche SEPs have occupied since their creation by the Revenue Act of 1978 remains a substantial one.
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January is a hectic tax reporting month for many financial organizations. In addition to providing quarterly or year-end statements, financial organizations must provide required minimum distribution (RMD) statements to certain Traditional and SIMPLE IRA owners by January 31. If you haven’t already, now is the perfect time for you and your team to start preparing for the busy month ahead.
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