Newsroom

Don’t Pay Tax Penalties on Money You Took From Retirement Accounts

News & Press

Friday, March 05, 2021

Retirement savers need to pay close attention to their income tax filings this year because of pandemic-related changes to rules for required withdrawals.

Even in normal times, the rules for mandatory minimum withdrawals can be confusing, and are even more so this year because of a mash-up of tax changes and virus relief programs.If you get things right, you can avoid paying unnecessary taxes, financial advisers say.

Read More

Ed Slott’s “The New Retirement Savings Time Bomb” Now Available for Purchase

Company Announcements

Tuesday, March 02, 2021

NEW YORK, March 2, 2021 /PRNewswire/ -- Ed Slott, CPA, founder of irahelp.com, nationally recognized IRA distribution expert, professional speaker, television personality, and best-selling author announces the release of his new book, "The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, And Combat the Latest Threats to Your Retirement Savings," published by Penguin Books.The book has been highly anticipated by consumers and financial industry professionals alike and has already achieved #1 new release status in the retirement planning category on Amazon prior to its March 2 publication date

Read More

It’s time to revisit the IRA trust. Here’s why

News & Press

Tuesday, March 02, 2021

IRA trusts may have lost some of their luster in the wake of the SECURE Act.

Under the act, long-term tax deferral is still permitted for certain IRA beneficiaries but others must empty the inherited account within 10 years.Beneficiaries of employer-sponsored qualified plans face the same new rules.

 

Read More

Ed Slott Sees Higher Taxes, Slow-Rising Inflation On The Way

News & Press

Tuesday, February 23, 2021

Retirement plan investors should position their portfolios to pay taxes sooner, rather than later, according to Ed Slott, founder of IRAhelp.com.

And one strategy to do this is by converting traditional IRAs to Roth IRAs, Slott said Tuesday during a roundtable discussion on how the next round of federal stimulus money will affect the economy.The rountable was sponsored by public relations firm JConnelly.

Read More