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

A client’s mother passed away and she had a non protoype account at Fidelity titled as a defined benefit plan....

The new SECURE Act regulations, released in late February, created a firestorm of confusion and complexity. We have addressed concerns in recent Slott Report articles and will continue to do so as issues arise. However, as of now, one question has emerged as the most popular: How do beneficiaries handle “missed” 2021 RMDs within the 10-year payout rule?

Putting money into a 401(k) is simple. Taking money out often requires an exit strategy. The tax breaks baked into retirement accounts don’t last forever. Retirees or their heirs eventually must start draining their balances by taking annual withdrawals known as required minimum distributions or RMDs, triggering tax bills.

How is the Pro-Rata Rule applied for inherited IRA’s with after-tax funds, both spousal and non? Are other existing IRA’s...

Most IRA distributions will be taxable. However, if you have ever made nondeductible contributions to your IRA or rolled over after-tax funds from your company plan to your IRA, then the rules can get a little bit tricky. You will need to understand the pro-rata rule.

My mother passed in mid 2016. She was 74. I inherited her Roth IRA. In 2017, I took one single...

Hello, I have a client who had a recharacterization in 2021 from the Roth to the Rollover. After the client...

I was hoping for a confirmation on whether this would work within the IRS rules. As of 3/1/22 if I...

Does anyone know painfully detailed rules on Net Unrealized Appreciation 401k distribution tax laws in terms of rollovers? If I...