Retirement Planning

Should I put my retirement account into a trust?

A trust can't own an individual retirement account (IRA) since a trust is not an individual. If you absolutely wanted to put the assets...

Dennis C. Carroll, Esq.

Sep 26, 20232 min read

If you're not working, and you're single, then you cannot contribution to a retirement account. However, if you're married, as long as...

Dennis C. Carroll, Esq.

Oct 20, 20201 min read

That depends on the type of retirement account, how much you took out, and if you're considered a first-time homebuyer. A 401K withdrawal...

Dennis C. Carroll, Esq.

Jan 21, 20201 min read

Yes, if you turn age 72 in 2023 or later, then your RMD age is now 73. You can also contribute to your traditional IRA now, if you're...

Dennis C. Carroll, Esq.

Jan 14, 20201 min read

No, retirement plan payments will be taxed in the state where you are a resident. Generally, you are a resident of the place that you...

Dennis C. Carroll, Esq.

Dec 12, 20191 min read

Yes, starting in 2020, there is no age limit when contributing to your retirement accounts. You must still be working, however. Any...

Dennis C. Carroll, Esq.

Nov 26, 20191 min read

If the client needs all or some of the money now, then we see how much more income tax they'd pay with this new money. If the client doesn'

Dennis C. Carroll, Esq.

Nov 18, 20191 min read