Can I skip my 2021 IRA distribution because of COVID?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Suppose the sole beneficiary of an IRA on the date of inheritance is categorized as a “non-eligible beneficiary” for the stretch provision, yet becomes disabled or chronically ill during the ten-year payout period. Do they then become eligible for the stretch payout of undistributed funds? — Curious A. Yours is a great question. The SECURE Act — Setting Every Community Up for Retirement Enhancement of 2019 — changed the w
Can I get the Senior Freeze after selling my N.J. home?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. I have been a part of the Senior Freeze program for many years and am grateful for the benefit. I sold my home and closed on Dec. 28, 2020 and paid the real estate taxes on the house for the entire year. I was told I am ineligible to receive a reimbursement because I did not own the house until Dec. 31, 2020. Is this correct? I did not buy another property and am currently renting an apartment. — Moved A. The rules for th