Financial advisors have a slew of new retirement and estate tax planning opportunities to capitalize on in 2023.Hit the ground running by communicating these ideas to your clients early in the year
Tax and IRA expert Ed Slott discusses the benefits of selling depreciated securities, along with must-knows about the wash-sale rule and cost-basis elections.
Tax and IRA expert Ed Slott says that people taking required minimum distributions may have a bit of sticker shock this year.
Tax and IRA expert Ed Slott on when conversions can result in the greatest tax savings—and what to know before you execute them.
Funds held in individual retirement accounts are without question the best assets to give to charity.Since IRAs are loaded with taxes, why not help clients relieve that tax burden by using the IRA for charitable giving now? Show clients who regularly give to charity how to use their IRA for those gifts
America’s IRA Experts receive top honor for their thought leadership, education and impact in driving the wealth, investment and retirement industry forward.
Ed Slott, CPA, nationally recognized IRA Expert, founder of Ed Slott and Company, LLC and creator of irahelp.com, in collaboration with Jeffrey Levine, CFP®, CPA, PFS, CWS®, AIF®, chief planning officer for Buckingham Strategic Wealth, announce the launch of their new podcast show, The Great Retirement Debate.
What do I need to rock my financial life before year end?You’re in luck because we’re bringing in the “A” team, with great advice from two titans: Barbara Corcoran and Ed Slott
Millions of retirees will get friendly reminders from their banks and brokerages in coming weeks to take required withdrawals from their 401(k)s or other retirement accounts by the end of the year.
The annual ritual might feel particularly painful this time, with the S&P 500 down nearly 25% for the year through September.Many retirees will have to withdraw and pay taxes on a bigger percentage of their nest eggs than they might prefer, because the formula for calculating the required minimum distribution, or RMD, is based on the account’s balance at the end of last December—before the markets sagged.
Florida residents who suffered financial losses from Hurricane Ian might be able to tap their retirement accounts to cover emergency expenses, a last resort more victims of natural disasters are using.
