Retirees Get Relief in Senate Coronavirus Stimulus Package
The Senate’s $2 trillion coronavirus-relief bill that passed Wednesday night includes breaks for Americans whose retirement accounts have been battered by the stock-market meltdown.
The House of Representatives is expected to pass the package on Friday.Treasury Secretary Steven Mnuchin said President Trump would sign the package as it was written Wednesday.
Provisions in the Senate legislation raise the limits on 401(k) loans and loosen the rules on hardship distributions from retirement accounts
A Strategy for Taking Advantage of the Market Meltdown
The market’s recent plunge has been brutal.
But for people with traditional individual retirement accounts, the silver lining is that today’s lower account balances can be used to reduce income-tax bills in retirement.
The key is a strategy known as the Roth conversion.This allows account owners to transfer some or all of the money in a tax-deferred IRA to a Roth IRA, a retirement account into which you contribute after-tax dollars and get tax-free withdrawals.
Retirement relief Congress should consider now
People with retirement accounts have seen losses through no fault of their own and they need a helping hand
Stimulus Plan Includes Temporary RMD Waiver
This measure "will help lots of people avoid a tax bill on IRA value that has vanished," IRA expert Ed Slott tells ThinkAdvisor.
Ed Slott and Company’s On-Demand Instant IRA Success eSeminar Now Available with New 2020 Tax Laws
Financial Professionals Can Access Training from Home to Learn Critical Updates Under the SECURE Act
NEW YORK, March 24, 2020 -- Ed Slott and Company, the nation's leading provider of technical IRA education for financial advisors, CPAs and attorneys, has updated its Instant IRA Success eSeminar to include information about the new retirement tax laws implemented following the passage of the SECURE Act.The on-demand series is one of the first and most comprehensive training on the SECURE Act
Did the SECURE Act Kill the Stretch IRA?
What the new rules say about paying taxes on inherited funds
Starting this month, IRA expert Ed Slott is taking your questions about Individual Retirement Accounts.He starts by addressing what to do about new rules in the 2020 SECURE Act that affect most beneficiaries who inherit tax-deferred funds starting this year.
Here’s why a Roth IRA conversion can make sense in this down market
“You want the best deal, like when you buy anything,” said Ed Slott, CPA and founder of Ed Slott & Co.in Rockville Centre, New York
“Retire Safe & Secure! with Ed Slott” Public Television Special Updated with SECURE Act Information
America's IRA Expert and Host of Several Popular Public Television Specials Updates His Latest Show with New Retirement Law Content
NEW YORK, March 10, 2020 -- Retire Safe & Secure!with Ed Slott, a popular public television special that educates viewers on key retirement savings strategies to have more, keep more and make their money last, has recently been updated to include new 2020 tax laws
‘See how to take advantage of things you can control’ amid volatility says retirement expert
Ed Slott, founder of IRAhelp.com, joins Yahoo Finance's The Final Round to discuss the potential benefits of doing a Roth 401 (k) conversion amid coronavirus driven market volatility.
Set on selling stocks amid the coronavirus crisis? Consult this checklist first
"You don't really have a loss until you sell," said Ed Slott, a certified public accountant and retirement-plan expert."Often the worst thing to do is sell out of fear."