InvestmentNews

The new year brings a host of new planning challenges -- and opportunities -- for financial advisers and their clients.Join InvestmentNews' Chief Content Officer George Moriarty as he sits down with IRA planning expert Ed Slott one week before the release of his highly anticipated book, The New Retirement Savings Time Bomb

It ain't no lie.Bob Dylan has sold his immense collection of songs

Time’s running out on coronavirus-related distributions. CRDs were created under the CARES Act but only for 2020 — technically only through Dec.30

Can you really make millions and pay little or nothing in taxes, and do it legally?Absolutely

The IRS released new guidance Friday on taking coronavirus-related distributions from retirement plans in IRS Notice 2020-50.

Coronavirus-related distributions were created under the CARES Act to help those in need withdraw funds penalty-free from their retirement savings.The CARES Act also allows CRD income to be spread over three years and CRDs to be repaid within three years.

People with retirement accounts have seen losses through no fault of their own and they need a helping hand

The SECURE Act is the law for 2020 and beyond.Advisers are already scurrying to explain the retirement rule changes to clients, especially those with large IRAs who had planned on a stretch IRA for their heirs

People who have saved $1 million or more in an IRA and plan to pass it on to someone other than their spouses should consider doing Roth conversions, said Ed Slott, president of Ed Slott & Co., which specializes in IRA education and training.

“Some people call it ruling from the grave,” said Ed Slott, who heads an eponymous retirement advice firm.

When the markets decline or are volatile, it is an opportunity to put a few retirement savings strategies to work, according to Ed Slott, founder of Ed Slott’s Elite IRA Advisor Group.