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Question: When can we expect final SECURE Act regulations from the IRS? Mike Answer: Hi Mike, No one knows for...

A recent government report highlights how confused 401(k) participants are when they have to decide what to do with their...

Question: Can an individual who is using the age 55 exception to the 10% early distribution penalty roll over a...

If you have an IRA and you are approaching retirement age, you have probably heard the term “required minimum distribution”...

QUESTION: I attended the Mid-Year IRA Planning Opportunities 2024 Webinar on May 14th. I missed the reasons for not naming...

By Ian Berger, JDIRA AnalystFollow Us on X: @theslottreport In a famous “Seinfeld” episode, George Costanza, unemployed, living with his parents...

By Sarah Brenner, JDDirector of Retirement EducationFollow Us on X: @theslottreport Question: I need guidance on a new client with the...

By Sarah Brenner, JDDirector of Retirement EducationFollow Us on X: @theslottreport What do you get when community property mixes with your...

It’s been over four years since the SECURE Act upended the rules for beneficiary IRA required minimum distributions (RMDs), and there’s still plenty of confusion about the new rules. The IRS did give us proposed SECURE Act regulations in February 2022, but those rules still haven’t been finalized. They have also raised a lot of new questions.

If you are at retirement age, you might be at a high risk for excess contributions due to rollover mistakes. This is because of the rule that says that the required minimum distribution (RMD) for the year cannot be rolled over. In fact, the RMD for the IRA must be taken before any of the funds in the IRA are eligible for rollover.