Desdemona – InfoComm

What Is an Administrative Charge?

December 31, 2022 by Desdemona

An administrative charge is a flat fee that is assessed by an insurance company to cover the costs of administering an insurance policy. This charge is typically assessed on a monthly basis, and is in addition to the premiums that are paid to cover the actual costs of the insurance coverage. What is an administrative … Read more

IRS Publication 590-B: Distribution from IRAs.

October 25, 2022 by Desdemona

IRS Publication 590-B: Distribution from IRAs Do you pay Social Security tax on IRA withdrawals? No, you do not pay Social Security tax on IRA withdrawals. What age does RMD stop? The age at which you are required to take minimum distributions from your retirement account depends on the type of account. For traditional IRAs, … Read more