By Elliot Raphaelson From Tribune Content Agency Question: I recently read that in order to take a qualified charitable distribution from your IRA, you had to take it first before any other withdrawals. Is that correct? Answer: No. It is not necessary to take a qualified charitable distribution (QCD) as your first Individual Retirement Account (IRA)…
Retirement: Don’t Overlook New Rules Governing Inherited IRAs
By Sandra Block From Kiplinger’s Personal Finance The Internal Revenue Service (IRS) recently offered new guidance to adults who inherited an Individual Retirement Account (IRA) from someone other than a spouse. Here’s what you need to know to avoid a stiff penalty. First, a bit of history. Under the Setting Every Community Up for Retirement…
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