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Additional Required Minimum Distribution Relief Following SECURE 2.0 Act Changes | Groom Law Group, Chartered

Last week, the IRS issued Notice 2023-54 (“Notice”) that provides a variety of relief for both plan sponsors and IRA providers, along with participants/IRA owners and their. ....

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How Philanthropy Fits Into Your Financial Plan by Tommy Taylor

Charitable contributions hold the remarkable ability to transform lives and communities, but what if there was a way to magnify their impact while benefiting your own financial situation? Enter Qualified Charitable Distributions (QCDs), an increasingly powerful tool for individuals seeking a tax-efficient approach to philanthropy. In this article, we explore the concept of QCDs and unveil three compelling reasons why incorporating this charitable giving strategy into your plans can be a game-changer.

Required Minimum Distribution (RMD) is the minimum amount that individuals who have reached age 70½ are required to withdraw annually from their retirement accounts, such as Traditional IRAs and 401(k)s. The QCD is a tax-efficient way for eligible individuals to donate those funds to qualified charities like the United Way of the Cape Fear Area (UWCFA). This powerful tool not only allows you to support causes close to your heart but also provides unique advantages:
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New PancakeSwap Coin: EverGrow Coin Ends Its Presale within 7 Minutes Reaches $1.5m Marketcap in Just 2 Hours

ATLANTA, GA / ACCESSWIRE / September 25, 2021 / One of the most innovative tokens in the industry, EverGrowCoin, broke all records in its presale held on ....

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SECURE ACT 2.0: Wow, What a Difference an Act Makes! | Cozen O'Connor

The Consolidated Appropriations Act of 2023 was signed into law on December 29, 2022, and has ushered in one of the most significant pieces of retirement plan legislation in recent. ....

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What You Need to Know About The Secure Act 2.0 | Tarter Krinsky & Drogin LLP

On December 29, 2022, President Biden signed into law the long-awaited Secure Act 2.0 of 2022 (Secure Act 2.0 or the Act), adding another round of major retirement plan changes to those. ....

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