Now’s the time to consider other ways to reduce future required minimum distributions (RMDs) too, such as Roth conversions and purchase of a qualified longevity annuity contract.
The deadline is nearing for older taxpayers to make tax-free transfers from an IRA to charity.
President Barack Obama proposed in his fiscal 2013 budget to require employers who don’t offer employees a 401(k) retirement plan to automatically enroll them in a direct-deposit individual retirement account. Employees could opt out, but unless they did, their employers would deduct money from every paycheck to feed the IRA. Some very small employers would