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This may seem like a rudimentary topic, but it is the basics that are often so confusing. A fundamental understanding of Roth IRA distributions is essential for Roth IRA owners. In a blog post from June 8 (“One Roth IRA Bucket”), I created a scenario where a person had five Roth IRAs, a couple of traditional IRAs, and was doing Roth conversions. The point of that exercise was to demonstrate how the IRS knows what dollars within all of a person’s Roth IRAs are contributions, what are conversions, and what are earnings.

Is there any distinction between after-tax money in a 401k and 401k Roth money? Can they each, easily be rolled...

This is a bit of a follow up to a previous question. If an IRA owner dies after their RBD,...

A prospect who is the head of HR stated that the HSA contributions that are being made are being made...

Client turns 72 but is still working and can delay RMDs from the current company 401k plan until retirement. Can...

I’m the beneficiary of an IRA held at a certain plan company for federal employees. They sent me the paperwork...

Question: Hi Mr Slott, I read somewhere but couldn't remember where, if a person needs to withdraw an RMD but doesn't need the money, can he convert this RMD to a Roth IRA? Thanks in advance

Where are the current IRS regulations relative to IRAs inherited after 2019 by a non-spouse beneficiary – Is the beneficiary...

I have a client who left his job in November of 2021. He had a $10000 401k loan, which he...

Questions on how age affects the decision to convert to a Roth IRA are common. What age is too old to convert? There is no easy answer to this question because there is no magic age when conversion makes the most sense or no longer makes sense at all. Conversion can be the right move at any age.