Q: When do the Updated Uniform Lifetime Table & Single Life Table under 401(a)(9) go into effect for 2020?
Q: I turn 70 1/2 in 2020. Since I do not have to take a required minimum distribution (RMD), how much can I do in a qualified charitable distribution (QCD) this year?
Q: If my son inherits my Roth IRA, I understand he now needs to withdraw the full amount over a 10 year period. It also appears that any withdrawal by him – whether in year 1, equally over the 10 years, or all in year 10 – is tax-free. What if he decides to take nothing out the first 9 years, and then takes out the full original inherited amount in year 10? If during those 10 years the account increased, can he keep the gains from the Roth IRA, as long as he withdraws the original amount he inherited?
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