The Latest Breaking News from IRA

A Couple Has $2 Million and Won’t Touch It — The Underspending Trap That Hands Their Savings to the IRS

A couple with $2 million saved might look like the picture of retirement success. But if most of that money sits inside traditional IRAs and 401(k)s, refusing to spend it can create a tax problem later.

The Free Financial Advisor · Sep 28

8 Moves Retirees Should Reconsider After the Fed’s September Rate Decision

The Federal Reserve raised its target federal funds rate by a quarter percentage point on September 16, putting the target range at 3.75% to 4%. The move matters for retirees because interest rates can influence cash yields, bond prices, borrowing costs, and the income available from safer parts of a…

The Free Financial Advisor · Sep 26

The IRS Just Eased 401(k)-to-IRA Rollovers — But One Missed Step Still Costs You 20% Upfront

The IRS just moved to make 401(k)-to-IRA rollovers easier to handle, but the old 20% withholding rule still matters. A new IRS notice gives retirement plans sample forms and proposed procedures for direct rollovers, aiming to make the process more standardized and less confusing.

The Free Financial Advisor · Sep 24

Inquiry to consider if Omagh bomb was ‘joint enterprise’ between terror groups

The Omagh Bombing Inquiry has begun a new stage of hearings in Belfast.

Evening Standard · Sep 21

Remarrying at 50? The Beneficiary and Pension Traps to Settle Before You Sign the License

Remarrying at 50 can change who receives retirement money after death, who controls certain benefits, and whether an old divorce agreement still matters. The wedding license may take minutes, but untangling beneficiary forms and pension elections can take much longer.

Clever Dude · Sep 21

Colm Murphy was ‘spider at centre of web’ in Omagh bombing plot, inquiry told

Lead counsel to the Omagh Bombing Inquiry Paul Greaney KC said a group of men were involved in the Real IRA plot to bomb the Co Tyrone town.

The Independent UK · Sep 21

You Can Put $500 a Month Toward Your Future: Where Should It Go First?

An extra $500 a month gives you a useful financial decision to make: where can that money do the most work? That choice looks different if a credit card balance is growing, an emergency fund barely exists, or an employer offers a retirement match.

The Free Financial Advisor · Sep 19

Retired Couples Budget for the Funeral — But the Bigger Financial Shock Can Come Afterward

Many retired couples have at least discussed how they would pay for a funeral, whether through savings, life insurance, prepaid arrangements, or money set aside...

Saving Advice · Sep 18

You Got a $10,000 Bonus: Debt, Emergency Fund or Roth IRA?

A $10,000 bonus can solve a money problem, but it can also expose one. Put it toward a credit card and interest charges may shrink, stash it in savings and the next surprise bill becomes less scary, or move some into a Roth IRA and give retirement savings a serious…

The Free Financial Advisor · Sep 18

A Spouse Dies Before Taking an RMD — Who Has to Handle It?

When a spouse dies, checking whether they took their required minimum distribution probably isn’t anywhere near the top of the family’s immediate to-do list. Unfortunately,...

Saving Advice · Sep 16