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Are you self-employed or a small business owner and your business expenses go on your individual tax return? If so, and you have an extension for filing your 2014 federal income taxes, you may want to consider making a SEP contribution for 2014. It is not too late! Here is how it works.

In most cases, an IRA owner who names a trust as the beneficiary of their IRA names either the spouse or a child as the trustee of the trust. This may not be the best option, especially if they cannot answer the following 15 questions.

This week's Slott Report Mailbag answers questions on an IRA beneficiary's tax responsibilities, distribution procedures for employer retirement plans, and tax implications on a Roth IRA beneficiary's distributions.

For a variety of reasons, you might be considering naming a trust as your IRA beneficiary. If that’s the case, then chances are that you have questions about how, exactly, that would work. One of the most common questions people have when they name a trust as their IRA beneficiary is, “Who will pay the tax on the inherited IRA distributions? The trust, or the trust beneficiaries?” We answer that question in this article.

Are you retired and taking required minimum distributions (RMDs) from your traditional IRA? If you don't need the RMD money to live, there's a surprising suggestion that would help save for a child's education expenses.

This week's Slott Report Mailbag picked up on the "gold in IRAs" trend captured in two of our recent blog articles. We answer Bill's questions on selling the gold from his IRA then we move into questions on the Roth IRA 5-year rule and distribution options for inherited IRAs.

It’s been a roller coaster of a few weeks for many investors, and anytime that’s the case, the subject of owning gold always seems to come up. With that in mind, today we share answers to five of the most common questions asked regarding to owning gold within an IRA.

October will be here before you know it. I know this because I have already seen Halloween candy in the grocery store. October 15 is the deadline for doing a Roth recharacterization. Here is what you need to know.

Recent weeks have been volatile times for the markets. In times of economic uncertainty, tools that allow you a “do over” are more valuable than ever. As an IRA owner, you have such a tool in your IRA tool kit: the recharacterization. We will discuss the many reasons you may consider a recharacterization.

This week's Slott Report Mailbag includes questions about placing an IRA in a trust, what to do with 401(k) funds from a previous employer and the nuts and bolts of the Roth IRA 5-year rules.