Taxes

• Roth IRA
  RMDs may not be rolled over to another IRA or retirement plan. Roth IRAs do not require distributions while the original owner is alive.
• Income Tax
  Here is what people should know about taking early withdrawals from retirement plans - Taxpayers may need to take money out of their individual retirement account or retirement plan early. However, this can trigger an additional tax on top of other income tax they may owe. Here are a few key things for taxpayers to know.

Planning

• Retirement Planning
  The IRS announced this and other changes in Notice 2023-75, posted on IRS.gov. This guidance provides cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024.