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Speaker, author, teacher, consultant: I teach/consult to financial, tax, and legal professionals about the tax laws that govern IRAs and employer plans


IRA Cheat Sheets and quick reference guides

2024 Quick Reference Guides

 Topics  Summary
An overview of the rules that apply to moving unused 529 plan amounts to a Roth IRA
  An overview of the RMD rules that applies to IRAs and Defined Contribution Plans. SECURE Act 2.0 updated
A quick reference guide summarizing the taxability and applicability of the 10% early distribution penalty, for a distribution from a Roth IRA. Delivered to your email address
Use this guide to determine some of the ways in which a Traditional IRA can be funded and the rules that apply.
Use this guide to determine some of the ways in which a Roth IRA can be funded and the rules that apply.

2023 Quick Reference Guides 

 Topics  Summary
Waiver of Excise Tax: For RMD Failures Under The 10-year Rule 

Bottom line: The RMD excise tax excise tax is waived for a beneficiary that is (a) subject to the 10-year Rule and (b) required to take annual life-expectancy RMDs.

This cheat sheet answers the question: Which class of beneficiary is eligible for the automatic waiver of the excise tax on RMD failures for 2021, 2022, and 2023?

Substantially Equal Periodic Payments for IRAs and Employer Plans Use this as a guide to determining the rules that apply to substantially equal periodic payments (SEPP). Distributions that meet the SEPP requirements are exempted from the 10% early distribution penalty that generally applies to pre-age 59 ½ distributions. Updated with IRS Notice 2022-6 and SECURE Act 2.0.
Employer Plan Comparison Table 2023 A high level summary of the features and benefits of retirement plans for small business owners
2023 IRA Calendar of Events  Use this guide to determine the deadline for IRA Transactions and Statements, and the compliance requirements that might apply.
How to calculate RMDs: Quick Reference Guide  An explanation of how to calculate RMDs for IRAs and Defined contribution plans .SECURE Act 2.0 updated
 RMD Rules: Quick Reference Guide   An overview of the RMD rules that applies to IRAs and Defined Contribution Plans. SECURE Act 2.0 updated

 2023 Traditional IRA Funding Options

Use this guide to determine some of the ways in which a Traditional IRA can be funded and the rules that apply.

 2023 Roth IRA Funding Options Use this guide to determine some of the ways in which a Roth IRA can be funded and the rules that apply.
Qualified Charitable Distributions Use this as a guide to determine the rules that apply to qualified charitable distributions (QCD)
Early Distribution Penalty Use this guide to determine whether a pre- age 59 ½ distribution from an IRA or employer plan account could be exempt from the 10% additional tax (early distribution penalty).
   

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