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Midyear can be a good time to take a halftime break and evaluate your investments — especially this year, after nearly six straight months of stock market decline. Perhaps stock and even bond losses have exposed flaws in your portfolio. Maybe they offer the potential to adjust holdings to take advantage of new opportunities. Now also might be the time to pursue a potentially important tax strategy.

Just wanted to confirm the following regarding After Tax 401K contributions: 1- The withdrawals are subject to the 10% penalty...

First, I’m not a financial professional. In the answer to Brandon’s question in this Slott Report https://irahelp.com/slottreport/5-year-rule-and-multiple-beneficiaries-todays-slott-report-mailbag it says “After...

I just read the Slott Report’s update on SECURE 2.0 with the differences between the Senate and House versions. It...

We wrote a policy for a “not for profit” to protect against losing the CEO, if passed. the CEO is...

I had invested IRA funds in an investment that turned out to be a Ponzi scheme. I am unable to...

Question: Hi Ed, I’m 66 Years old. Less than a year ago I converted into my Roth from my traditional IRA with the intention of parking it there until I could finalize the details of a summer house purchase. I know I have taxes to pay on the conversion. However, now that I wish to use the money and remove it from the Roth, am I going to be subject to a penalty due to a 5-year rule? I was of the understanding that only “earnings” (which for me meant any money earned ON the money I had deposited into the Roth) had to stay in the Roth for 5 years. Does the 5-year rule actually apply to ALL the money I put into the Roth via conversion from the traditional IRA? I have spoken to a few different advisors and have gotten conflicting responses, so I’ve decided to go to the IRA Guru for an accurate, reliable answer. Thanks Ed!

After reading Andy Ives informative piece on June 20th, 2022 (link below) – I have a follow up question. If...

Proposals to boost IRA and workplace plan savings are advancing, but they are not law yet. Several actions must occur before the proposals become law. On March 29, the House passed the “Securing a Strong Retirement Act of 2022.” Now, two different Senate committees are taking up the subject. On June 14, a Senate committee (Health, Education, Labor and Pensions) unanimously approved the “Retirement Improvement and Savings Enhancement to Supplement Health Investments for the Nest Egg Act” (the RISE & SHINE Act). The RISE & SHINE Act deals with company plans only.

Rolling over a 401k. There are pre-tax contributions and after-tax. I plan to rollover the Pre-Tax to a traditional IRA....