Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Leonard Sloane"


7 mentions found


3 Crucial RMD Questions the IRS Needs to Answer
  + stars: | 2023-11-02 | by ( Leonard Sloane | ) www.wsj.com   time to read: 1 min
When Congress passed the Secure 2.0 Act in late 2022, retirement savers cheered at a host of changes in rules for required minimum distributions from tax-deferred accounts like IRAs. Some of the changes are straightforward—such as raising the starting age for RMDs to 75 in 2033 from 73 today and 72 last year (and up from 70½ as recently as 2019).
Journal Reports: Investing MonthlyWhat Inheritors of IRAs Need to Know About Required WithdrawalsBy Leonard SloaneA lot of taxpayers were confused, and missed taking RMDs when they should have. Fortunately for them, penalties have been waived.
Persons: Leonard Sloane
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/inherit-ira-retirement-plans-taxes-5ccc554e
Persons: Dow Jones
How to Be Smart About Artificial-Intelligence ETFs
  + stars: | 2023-06-03 | by ( Lori Ioannou | ) www.wsj.com   time to read: 1 min
Journal Reports: Investing MonthlyRetirement-Savings Changes You Should Know About for 2023By Leonard SloaneThe Secure 2.0 Act has all sorts of provisions that take effect between now and 2027. Here’s when they kick in.
Persons: Leonard Sloane
Journal Reports: Investing Monthly
  + stars: | 2022-10-06 | by ( Daniel Akst | Randall Smith | Derek Horstmeyer | ) www.wsj.com   time to read: 1 min
Let’s say you want to save your principal—or much of it—for your children. Here’s what the numbers look like.
Both bills in Congress would increase the annual amount that older individuals can save in IRAs. Catch-up contributions have long allowed older individuals to funnel additional funds into their individual retirement accounts or workplace plans. Now Congress is likely to increase the annual amount that those individuals can save using this method. Proposed modifications, which are mostly uncontroversial and bipartisan, passed the House earlier this year. The Senate Finance Committee recently sent its version to the full Senate.
If you are younger than age 59½ and want to withdraw money from your individual retirement account, there are several exceptions that could allow you to do so without incurring the 10% early-withdrawal penalty from the IRS. One such exemption being used more often is a so-called 72(t) plan.
Total: 7