How to Disclaim an Inherited IRA
Disclaiming is a useful tool in some situations, but not an easy cure-all.
Natalie Choate
Natalie Choate is a lawyer in Wellesley, Massachusetts, who concentrates in estate planning for retirement benefits. Her book, Life and Death Planning for Retirement Benefits, is a leading resource for professionals in this field. The views expressed in this article do not necessarily reflect the views of Morningstar.
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Secure Act Proposed Regulations: Good News and...Other News
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New IRS Rules Help Young IRA Owners
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New Year, New IRS Life Expectancy Tables
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Take advantage of this loophole before proposed legislation takes it away at the end of the year.
The ABCs of Estate Planning for IRAs Under the Secure Act
A quick start guide simplifies planning choices for clients’ retirement benefits.
The Executor’s Guide to Retirement Plan Distributions: Income Taxes
Continuing a look at issues executors face when retirement benefits are payable to the decedent’s estate.
An Executor's Guide to Inherited Retirement Benefits: RMDs
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A Sneak Preview of Secure Act Regulations
Changes to the minimum distribution rules get some added wrinkles from the IRS.
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There is no one best time to take the required minimum distribution.
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The answer is yes, but there are caveats.
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Indirect Roth IRA Contributions: Backdoor or Trapdoor?
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Is a Charitable Remainder Trust the Way to Beat SECURE Act?
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Providing for Minor Children After SECURE
The new law makes it more difficult for parents to set up an estate plan that maximizes the funds available for the care and education of their children.
Providing for the Surviving Spouse After SECURE
Contributor Natalie Choate examines how the SECURE Act affects popular strategies for leaving IRAs and retirement plans to a spouse.
3 Strategies to Consider When Sole Beneficiaries Want to Share the Wealth
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Treasury Issues Favorable CARES Guidance--With a Tight Deadline
The generous and liberal interpretation of the act’s provisions provide substantial flexibility and options to retirement-plan owners.
2020: The Year for Roth Conversions?
Contributor Natalie Choate tackles three scenarios where a Roth conversion seems to make sense--but may not.
Who Qualifies for Coronavirus-Related Distributions?
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What if I Already Took My 2020 RMD?
The new stimulus plan suspends required minimum distributions for 2020. Contributor Natalie Choate offers advice to early birds who've already taken RMDs for the year.
Surprises With SECURE's 10-Year Rule
Contributor Natalie Choate reviews the questions that some fiduciaries face today.
Don't Make the Client's Problem Your Problem
Contributor Natalie Choate with what not to do to 'help' clients.
SECURE Act Targets Minimum Distribution Rules
Planners have their work cut out for them, says contributor Natalie Choate.
What Revised Life Expectancy Tables Mean for You and Your Clients
The IRS has proposed new actuarial tables for calculating required minimum distributions. Here’s the timeline and the key takeaways.
Death Distinctions Between 401(k)s and IRAs
Contributor Natalie Choate discusses the challenges--and limitations--for heirs when beneficiary designations aren't completed for retirement accounts.
Multiple Beneficiaries and the Year of Death RMD
Contributor Natalie Choate navigates through the complexities.
Roth Rollover Traps
Contributor Natalie Choate reviews the good, the bad, and the ugly when rolling over from a Roth 401(k) to a Roth IRA.
7 Ways to Fix Wrong or Missing Beneficiary Designations
Contributor Natalie Choate explains what to do when a decedent names the wrong (or no) beneficiary on retirement accounts.
How to Maximize Roth Savings Through a Solo 401(k)
Contributor Natalie Choate examines how some self-employed workers can make the most of Roth savings later in life.
How to Maximize Roth Savings Through a 401(k) Plan
Contributor Natalie Choate discusses a little-known--but low-tax--savings strategy.
4 Dumb Answers About IRAs and Retirement Plans
Natalie Choate shares some of the incorrect statements she's heard from IRA providers and plan administrators.
How to Avoid This IRA-to-IRA Rollover Trap
Contributor Natalie Choate reviews a few ways to get around the once-per-year limit.
IRA Annuity Surprises
And not the good kind, either, says contributor Natalie Choate.
Tricky Timelines If You Miss an RMD
For what year or years do you file IRS Form 5329 if you discovered you've missed a required minimum distribution?
Restoring Lawsuit Winnings to an IRA
The ability to contribute a restorative payment to an IRA applies only to the compensatory payment for the actual investment loss.
The 401(k) Early Withdrawal Penalty: It's Not Fair!
Contributor Natalie Choate reviews some of the inconsistencies in the penalty investors pay if they take distributions from their retirement plans too early.
A Good Tax Idea Backfires
Rolling your IRA into your 401(k) while still employed may help you temporarily skirt required minimum distributions, but there can be drawbacks.
Effectively Taking Early IRA Distributions Without Penalty
Natalie Choate simplifies the decision making that come with SOSEPPs.
Managing a Year-of-Death RMD in an Inherited IRA
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Thorny Issues When Leaving IRA to Trust for Young Children
Why do back flips to qualify for a life expectancy payout that may soon cease to exist?