The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.
The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.
It sometimes seems like when it comes to college-savings vehicles, 529s are the only game in town.
But investors are doing themselves a disservice if they don’t also look at another savings tool available: Coverdell Education Savings Accounts (ESAs).Like 529s, ESAs are a tax-favored way to save for education expenses.
2020 will be a year to remember for decades to come.In the world of tax and retirement planning, it’s brought opportunities for advisors to present to clients
Can you really make millions and pay little or nothing in taxes, and do it legally?Absolutely
Tonight, Democratic presidential candidate Joe Biden will take on President Trump in a debate about the economy, coronavirus response, the integrity of the upcoming election and more.But for many, another question is top of mind: what will the results of the 2020 presidential election mean for my taxes?
Q: I have two Roth IRAs at separate brokerage firms.I want to name my wife as beneficiary for one account and my son as beneficiary for the other.
When I die, can my wife convert her account into her own Roth IRA so she does not have to withdraw the money in 10 years
In this episode, we check in with IRA and tax specialist Ed Slott of Ed Slott & Co., on what the recent debt and deficit numbers reported by the Congressional Budget Office mean for retirement plan participants.
The Aug.31 deadline for reversing mandatory withdrawals from retirement accounts has passed, but a lucky few may still be able to return the money and save on taxes this year.
Earlier this year, President Donald Trump signed the CARES Act into law.
Remote work has become more commonplace as a result of the coronavirus pandemic, but experts caution against expecting any major changes to U.S. tax laws that would account for these trends.
According to a June survey from PwC, 55% of employers said they expect most of their employees to work from home even after the pandemic is no longer a threat.
