What You Need to Know to Inherit an Inherited IRA
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Although you can have second generation beneficiaries, the first non-spouse designated beneficiary is the last one to receive a new RMD divisor calculation.

Age Restriction on Qualified Charitable Distributions Limits Inherited IRA Gifting
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Unfortunately the age restriction makes the charitably-inclined young, who are more likely to be in the 0% capital gains bracket, unable to make QCDs.

How to Calculate Your RMD: a Uniform, Inherited, and Joint Divisor Calculator
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There are different tables and formulas used to calculate your RMD divisor based on your particular circumstances. Here is a calculator for the three most common.

How You Take Your Inherited IRA RMD Is the Exception to the Rule
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Inherited RMD rules demonstrates the power and importance of beneficiary designations and why it is so important to set them.

RMD Mistake: Missing a Spousal Rollover
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When a spouse inherits retirement account assets, they have the right to do what is called a “Spousal Rollover” or “Spousal Transfer.” It is almost always the right option.

RMD Mistake: Not Using the Joint Divisor
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If you are a mixed-decade couple, take advantage of the Joint divisor by making your spouse your primary and sole beneficiary for your IRA and use the Joint Life and Last Survivor Expectancy Table to find your RMD.

RMD Mistake: Failing to Take Your RMD
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The key to getting the waiver though is showing that “you are taking reasonable steps to remedy the shortfall.”

RMD Mistake: Depositing to Your Checking Account
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Although legally fine, this strategy often causes you to accidentally increase your spending every year and decrease your savings. Don’t let the IRS rules about IRA withdrawals tempt you into spending money you had planned to save.

RMD Mistake: Taking Out Too Much Just Because
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Some people don’t stop at distributing just the required minimum. They think, “Well, while I’m at it, I may as well pull out a little bit more so we can fully cover the kitchen remodel…”

How Can I Give Away Money from My IRA?
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What if you do not need all the money from your RMD and you are also charitably inclined?

Roth Recharacterization: May Change Your Required Minimum Distribution
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A Roth recharacterization is a true undo; it is as though you never converted those assets in the eyes of the IRS. This includes recalculating your RMD had you not converted the assets.

Roth Conversion: Take Your Required Minimum Distribution Out First
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A simple summary of how to meet your Required Minimum Distribution in the same year as you perform a Roth Conversion is the axiom: RMD dollars must come out first.

Qualified Charitable Distributions (QCDs) from IRAs
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QCDs allow individuals age 70 1/2 or older to give directly to a charity from your IRA without counting the distribution as taxable income.

Understanding Your IRA Required Minimum Distributions (RMDs)
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After you reach the age of 70 1/2, the IRS requires you to begin taking minimum distributions from your traditional retirement accounts.

Can I Put My RMD Into A Roth IRA?
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Annual required minimum distributions must be satisfied before any additional amounts are converted to a Roth IRA.

One Hidden Way the IRS Hurts the Bereaved
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It is often said that the only two certainties in life are death and taxes. The IRS takes that truism to heart.

Charitable Donations from IRAs
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Although a number of tax breaks got snuffed out by the recent tax compromise passed on January 1, the ability to make charitable contributions from IRA accounts for people older than 70 1/2 was given new life.

The IRA Charitable Donation in 2012
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The tax code provision that allowed IRA owners to contribute up to $100,000 directly from their IRA to the qualified charity of their choice–without recognizing the donation as income–expired at the end of 2011, but what if it is reinstated?

IRA required minimum distributions, charitable giving and Roth conversions
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There are three IRA tax requirements and saving techniques which collided recently for a client. I found a solution.

How To Cut Taxes On Your IRA Withdrawals
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This article from Donald Jay Korn for Investor’s Business Daily describes the benefits of advance tax planning to reduce the tax bite that is inevitable as you grow older and required minimum distributions (RMDs) become a larger portion of your retirement account.

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