The Secure Act makes major changes to the rules for inherited IRAs, 401(k)’s, ROTHS, and other deferrable retirement accounts. Effective January 1, 2020, most non-spousal beneficiaries will be required to withdraw an inherited retirement account within 10 years from the date the original owner dies.
As we get closer to the repeal of the New Jersey Estate Tax on January 1, 2018, it is important to remember that New Jersey has NOT gotten rid of its inheritance tax. Accordingly, if you wish to leave money to brothers, sisters, nieces, nephews, friends or a significant other (besides a spouse) and if […]
In the spirit of the great film, Brewster’s Millions, Fox TV has come out with a new comedy called The Goodwin Games. You can see the first episode on Hulu if you want. I’m always a sucker for wacky Will scenarios, and this seems to fit right in. It appears to be about a father who […]