Attention Non-Spouse 10-Year Beneficiaries: 2030 Is Rapidly Approaching
If you inherited an IRA or other retirement account from a non-spouse after December 31, 2019, the SECURE Act’s 10-year rule may create a major tax event in 2030. Many beneficiaries don’t realize how much the account can grow during the 10-year window—potentially forcing large taxable withdrawals if they wait until the final year. In this article, we explain how the 10-year rule works, why 2030 is a high-risk tax year, and planning strategies that can reduce the tax hit long before the deadline arrives.
What Should I Do With My 401(k) From My Old Company?
When you leave a job, your old 401(k) doesn’t automatically follow you. You can leave it in the plan, roll it to your new employer’s 401(k), move it to an IRA, or cash it out. Each choice has different tax, investment, and planning implications.
Exceptions to the 10% Early Withdrawal Penalty for IRA Distributions
Taking money from your IRA before age 59½? Normally, that means a 10% penalty on top of income tax—but there are exceptions.
In this article, we break down the most common situations where the IRS waives the early withdrawal penalty on IRA distributions. From first-time home purchases and higher education to medical expenses and unemployment, we walk through what qualifies and what to watch out for.
401(k) Catch-Up Contribution FAQs: Your Top Questions Answered (2026 Rules)
Got questions about 401(k) catch-up contributions? You’re not alone. With updated 2025 limits and new Roth rules on the horizon, this article answers the most common questions about who qualifies, how much you can contribute, and what strategic moves to consider in your 50s and early 60s.
401(k) Catch-Up Contributions Explained: Maximize Your Retirement Savings in 2026
Turning 50? It’s time to boost your retirement savings.
This article breaks down the updated 2025 401(k) catch-up contribution limits, new rules for ages 60–63, and whether pre-tax or Roth contributions make the most sense for your situation.
Multi-Generational Roth Conversion Planning
With the new 10-Year Rule in effect, passing along a Traditional IRA could create a major tax burden for your beneficiaries. One strategy gaining traction among high-net-worth families and retirees is the “Next Gen Roth Conversion Strategy.” By paying tax now at lower rates, you may be able to pass on a fully tax-free Roth IRA—one that continues growing tax-free for years after the original account owner has passed away.
Inherited IRA $20,000 State Tax Exemption for New York Beneficiaries Under Age 59 ½
Have you or someone you know recently inherited an IRA in New York? There’s a tax-saving opportunity that many beneficiaries overlook, and we’re here to help you take full advantage of it.
Did you know that if the decedent was 59 ½ or older, you might qualify for a $20,000 New York State income tax exemption on distributions from the inherited IRA—even if you’re under age 59 ½? This little-known benefit could save you a significant amount on taxes, but navigating the rules can be tricky.
Topics covered:
🔹 The $20,000 annual NY State tax exemption for inherited IRAs
🔹 Rules for New York beneficiaries under age 59 ½
🔹 How this exemption can impact the 10-Year Rule distribution strategy
🔹 How tax exemptions are split between multiple beneficiaries
🔹 What if one of the beneficiaries is located outside of NY?
Tax-Loss Harvesting Rules: Short-Term vs Long-Term, 30-Day Wash Rule, $3,000 Tax Deduction, and More…….
As an investment firm, November and December is considered “tax-loss harvesting season” where we work with our clients to identify investment losses that can be used to offset capital gains that have been realized throughout the year in an effort to reduce their tax liability for the year. But there are a lot of IRS rule surrounding what “type” of realized losses can be used to offset realized gains and retail investors are often unaware of these rules which can lead to errors in their lost harvesting strategies.
