Q: In looking at information regarding the exceptions for inherited IRAs under the SECURE Act, Financial-Planning.com cited your company as a source to say “minors-but not grandchildren” are part of the exception. However, I cannot find on the IRS site or any other for that matter that says grandchildren who are minors are NOT excluded. Can you please provide the source for this? Our firm would like to make all staff and advisors aware of this.
Q: I understand that you can make up to a $100,000 withdrawal from my IRA for a qualified charity. Does the withdrawal for the charity have to be a once-per-year event, or can it be monthly, quarterly, etc., so long as the total does not exceed $100,000?
Q: Can a QCD be used to pay dues to a charitable organization?
Q: A husband has an inherited IRA (from his dad prior to the SECURE Act) and was taking RMDs using the single life table. Then the husband passes away in 2020, leaving the inherited IRA to his wife, who is age 65. What are the wife’s options for distribution?
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