Q: Has
the deadline for
2020 SEP IRA plan
contributions been
extended to May
17?
Answer
Q: I inherited
my husband's 401(k)
when he died last
year. I kept the
assets with the
401(k)
administrator,
believing I had to
do that to take
distributions
without 10% penalty.
(I am under 59 ½
years old). If I
roll over the 401(k)
to an inherited IRA,
will I still be able
to take penalty-free
distributions?
Answer
Q: I am 76 and
have not taken my
RMD for 2021. Should
I pass away and my
wife age 69
transfers my IRA to
hers, must my RMD
for 2021 be taken
first?
Answer
Q:
I converted
(no contributions
were made) funds
from my
self-directed IRA to
my Roth IRA. I am
over 59 ½, but my
Roth IRA is only one
year old. May I
withdraw the
conversion amount
without the 10%
penalty under the
age exception to the
5-year rule?
Answer
Have
a question for
America's IRA
Experts?
Email your questions
to us at [email protected].
Selected questions
will be featured
every Thursday in
the Slott Report.
