The true value of the dollars in your retirement or investment accounts heavily depends on their location, namely what type of account it is and the tax structure of the account. You may think that a dollar is a dollar but the truth is that...
What is a Required Minimum Distribution? A required minimum distribution is the amount that owners of tax-deferred retirement accounts must begin withdrawing from their accounts by April 1 following the year they reach age 70 ½ . RMD rules apply to tax-deferred retirement accounts including: Traditional IRAs ...
What is a Spousal IRA? Spousal IRA’s are an effective way to save for retirement if one of the two spouses is a stay at home parent or does not have earned income. A spousal IRA is simply an IRA that is owned by the non-working...