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  2. Alerus Financial - Wikipedia

    en.wikipedia.org/wiki/Alerus_Financial

    In 2003, Alerus expanded into Minneapolis when it acquired Pension Solutions Inc., which was renamed Alerus Retirement Solutions. In 2014, Alerus Financial bought Private Bank Minnesota in downtown Minneapolis, the ninth such acquisition since 2003. In 2015, Alerus Financial rebranded itself as simply Alerus, though its legal name did not ...

  3. Do I Owe Taxes on a Retirement Distribution? - AOL

    www.aol.com/finance/owe-taxes-retirement...

    A retirement plan distribution occurs when you withdraw money from the plan. There are several different types of distributions, including early distributions, rollover distributions and Required ...

  4. Early Retirement Hack: A New IRS Rule Lets You Withdraw ... - AOL

    www.aol.com/finance/early-retirement-hack-irs...

    The IRS recently made changes to the amount of money that can be withdrawn each year from retirement accounts before age 59 1/2. As with the increase in overall inflation, the reasonable interest ...

  5. This Secret IRS Loophole Lets You Reduce Your Retirement Taxes

    www.aol.com/secret-irs-loophole-lets-reduce...

    There's a trick amongst financial advisors that's rarely discussed in the public, and it can reduce the tax you pay on 401(k) distributions after retirement. It's called variable life insurance.

  6. Required minimum distribution - Wikipedia

    en.wikipedia.org/wiki/Required_minimum_distribution

    Required minimum distributions (RMDs) are minimum amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans. In the Internal Revenue Code itself, the precise term is " minimum required distribution ". [1] Retirement planners, tax practitioners, and publications of the Internal ...

  7. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

  8. Retirement Savings: IRS Extends Roth Catch-Up Period for ...

    www.aol.com/retirement-savings-irs-extends-roth...

    Under the Secure 2.0 Act, the IRS made a few changes to retirement contributions for the 2024 tax year. But on Friday, August 25, 2023, the IRS announced an "administrative transition" period that...

  9. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    The Internal Revenue Service ( IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue ...

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