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Employees leaving their jobs are often surprised to discover they aren’t entitled to the full balance of their company plan account. The reason is that some plans impose a vesting rule on certain types of contributions. What do the vesting rules mean? They tell you how much of your plan benefit you actually own and cannot be taken away from you. If you’re fully vested, you’re entitled to your entire benefit. If partially vested, you only get a portion of your benefit.

86yr old male client died left his IRA to his wife’s trust instead of her name. Her trust tax ID...

Hello, I have a client who passed away in 2016 and left their 2 children. The children have been taking...

Last week in Kansas City, the Ed Slott team hosted our first in-person training program for members of our Elite Advisor Group since late 2019. While we managed to stay in contact with everyone via virtual meetings for the last two years, it was good to again see people face-to-face. The conversations were lively and interaction among the members during the breaks was spirited.

I thought I understood the “5-year rule” regarding Roth rules, but I recently read something that made me question my...

Hello I have two IRA accounts 1. Traditional/Roll-over IRA-1 with only pre-tax money from an old 401k, and 2. Traditional/Roll-Over...

Up until 2020 I had taken my required RMD then in 2020 with Covid was told it did not have...

By Andy Ives, CFP®, AIF®IRA AnalystFollow Us on Twitter: @theslottreport Question: I have a 401(k) that I’d like to use a portion...

Participant dies after RBD. There are four beneficiaries named, one of which is a special needs trust. Am I correct...

Client had after tax 401k money in 1993. It was then rolled over into a traditional IRA in 1993. My...