John W. Boyd

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The Impending Death of the Stretch IRA?

Photo of John W. BoydBy John W. Boyd on Posted in Retirement Planning
It can, at times, seem like a fool’s errand to focus too closely on specific provisions contained in proposed legislation. As any casual observer of Congress can attest, committee proposals frequently die unenacted or undergo significant change before they are considered by the full House or Senate. Joint conference committees provide yet further opportunities for … Continue Reading

IRS Simplifies Rules for Correcting Failed Rollover

Photo of John W. BoydBy John W. Boyd on Posted in Income Tax
On August 24, 2016 the IRS published Revenue Procedure 2016-47, which simplifies the steps for correcting a missed rollover from a qualified plan or IRA to another qualified plan or IRA. Amounts distributed from a qualified plan or IRA will be taxable unless they are rolled over into another plan or IRA within 60-days of … Continue Reading
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