Dennis C. Carroll, Esq.Sep 26, 20232 minRetirement PlanningShould I put my retirement account into a trust?A trust can't own an individual retirement account (IRA) since a trust is not an individual. If you absolutely wanted to put the assets...
Dennis C. Carroll, Esq.Oct 20, 20201 minRetirement PlanningHow to save for retirement when I am not working?If you're not working, and you're single, then you cannot contribution to a retirement account. However, if you're married, as long as...
Dennis C. Carroll, Esq.Jan 21, 20201 minGeneral Tax PlanningI withdrew money from my retirement to buy a house, how will this affect my taxes?That depends on the type of retirement account, how much you took out, and if you're considered a first-time homebuyer. A 401K withdrawal...
Dennis C. Carroll, Esq.Jan 14, 20201 minRetirement PlanningDid the required minimum distribution [RMD] age for retirement accounts change, again?Yes, if you turn age 72 in 2023 or later, then your RMD age is now 73. You can also contribute to your traditional IRA now, if you're...