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Year Under age 50 Age 50+ 2013 $5,500 $6,500

Uncle Sam will pay you $1,000 to contribute to your retirement savings – Check this out! There’s an old expression...

Beneficiary Form Checklist Name: Date: Advisor’s Name: Follow-ups should be added to the To Do list at the end of...

Quick Fact Sheet – Roth IRA Contributions Copyright 2020 Ed Slott and Company, LLC

(to be used for calculating post-death required distributions to beneficiaries)

Designated beneficiaries use this single life expectancy table based on their age in the year after the IRA owner's death. That factor is reduced by one for each succeeding distribution year. Spouse beneficiaries who do not elect to the roll the IRA over or treat it as their own, also use the single life table, but they can recalculate each year.

This table is used only for lifetime distributions and only when the spousal exception applies (when the spouse is the sole beneficiary for the entire year and is more than 10 years younger than the IRA owner). Beneficiaries never use this table.

This table is the new life expectancy table to be used by all IRA owners to calculate lifetime distributions (unless your beneficiary is your spouse who is more than 10 years younger than you). In that case, you would not use this table, you would use the actual joint life expectancy of you and your spouse based on the regular joint life expectancy table. The Uniform Distribution Table is never used by IRA beneficiaries to compute required distributions on their inherited IRAs.

When owners of a Traditional IRA reach age 70½, they are required to take annual minimum distributions. The amount changes each year. Simply divide your IRA's value at the end of each year by the distribution period listed next to your age in the following IRS charts:

You may give the following amount to an individual, free of gift tax: Year Annual Exclusion 2012 $13,000

At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption: Year...