It’s not difficult to make a mistake with an IRA. Although there are a few circumstances in which the IRS will make allowances for errors that were beyond your control, generally the rules around IRAs are pretty strict. It’s best to be sure that you know what you’re doing; certain IRA-related errors can be a headache to fix (if they can be fixed at all).
Blunder Number One – Not Keeping Your Beneficiaries Current
Have you had a change of marital status? Has your family grown in the last few years? Have your financial circumstances changed significantly since the last …Read More