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When the “check engine” light comes on in a vehicle, most people are rightfully concerned that something is wrong. When a fire alarm blares through a building, it is wise to take stock of your surroundings. And when a member of Ed Slott’s Elite IRA Advisor GroupSM calls and says a red alert popped up on his monitor as he attempted to do a 529-to-Roth rollover, we must assess the situation.

Beneficiary missed the 12/31 deadline of year after death to rollout inherited IRA.  Insurance company is saying that lump sum...

A participant in a 401K plan is age 73.  Last year he had ownership but sold his interest in the...

Today is Inauguration Day. A new administration has arrived. We also have a new Congress. With the arrival of newly elected officials, many will have hopes of legislative change. When it comes to retirement accounts, one rule that the new Congress should consider changing immediately is the income limit rule that applies to Roth IRA contributions. This pointless rule should be eliminated.

  Hello,   I have a client who’s IRA was partially funded with an after-tax rollover from a 401-k in...

QUESTION: My wife has two after-tax traditional IRAs at two separate institutions. We are hoping to consolidate them, then convert to a Roth in the next 18 months. She is already retired. She also has an inherited IRA (from her father). Does the calculation for taxation on the conversion to Roth need to include the assets in the inherited IRA? Do assets in my IRA have any impact on the calculation?

Unlike IRAs, would the proposed Congressional bill for Universal Savings Accounts allow the use of unearned income and savings to...

Owner A passed away on 06-08-2018  Owner A was born on 10-10-1967    Owner A’s IRAs were Inherited by:  Beneficiary...

Owner A passed away on 07-05-2023  Owner A was born on 06-30-1953    Owner A’s brother, Beneficiary B, was primary...

By Ian Berger, JDIRA Analyst One of the more controversial rules in the 2022 SECURE 2.0 Act is the requirement...