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Dear Alan et al, I have a client with some after-tax contributions in an old 401(k) plan and have two...

Making sure I understand Roth Conversion rules….individual is 62 years old and has some Roth IRA money left (Roth is...

An advisor called to discuss Roth IRA conversions. His new client made some decisions before speaking with him, and he was trying to untangle her self-inflicted knot. She was 69 years old, a single tax filer, still employed, and had a $1 million traditional IRA. Based on advice from her brother (who is not a financial professional), she had already ripped through Roth conversions of $200,000 for both 2021 and 2022. The brother’s only consideration in making his recommendation was, “The market is down.”

Good Afternoon. I have a client that purchased an IRA annuity through his previous advisor. The beneficiary of the IRA...

Error 1 Dad died Oct 23rd, 2018. He had $10950 left in his traditional IRA. I noticed after the fact...

Hello: During ROTH Conversion, I am sure I am going to take a hit in IRMAA. It will spike. After...

Learning from Other People’s Mistakes

• Bobrow Case: One Rollover per Year
• One Rollover, Three Mistakes
• Mulhern Case: Replacing Mandatory Tax Withholding
• Kirkpatrick Case: How NOT to Divide an IRA After Divorce
• A Prenup Does NOT Qualify as Spousal Consent
• Spousal Rollover vs.

August is winding down and September is just around the corner. That means that it is back to school time! Education can be expensive. This year, with inflation raging, that seems even more true than ever. If you have children looking to further their education, you will need to explore every possible option out there that can help you save. One savings tool that many parents overlook is the Coverdell Education Savings Account (ESA).

Hello, Can you please provide guidance on the 10 year rule for Bene IRAs (non-spouse and those without special provisions)...

Here’s a line from one of the manuals we use in our education seminars for advisors: “Missed stretch IRA RMD by an EDB, when the IRA owner dies before the RBD.” An old baseball expression says: “You can’t tell the players without a scoreboard.” In the world of retirement accounts, you can’t understand the rules without knowing the abbreviated terms. Here’s 18 common ones you should know: