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I have separated from service some time ago. I have not being contributing to my either company stock or my...

In the June 16, 2021 Slott Report, we discussed how an in-service distribution made in the year of separation from service can inadvertently create an excess IRA contribution if that distribution is rolled over when a required minimum distributions (RMD) is due. A related issue is how rollovers and transfers from 401(k) plans (or other company plans) and IRAs are treated differently when an RMD is required.

§401(a)(9)(B)(iii)(III) states that the first stretch RMD must come out no later than 1 year from the date of death...

The age when older Americans must start making withdrawals from retirement accounts could change yet again. Under a provision in proposed...

I am 60 years. I have separated from service. I have 401(k) plan from my prior employer. I have a...

A required minimum distribution (RMD) from a 401(k) (or other employer plan) must be taken prior to rolling remaining plan dollars to an IRA. An RMD cannot be rolled over, so it must be withdrawn before any rollover is completed. While this concept appears somewhat basic, it is easy to get sideways with the rules. Additionally, unexpected changes in employment, combined with the still-working exception, can retroactively create RMD problems.

Hello, first of all just want to say how great this forum has been for useful IRA discussions, I have...

Client left bene of Roth IRA to trust. Trust has testamentary SNT for daughter. How is ownership of the Roth...

My client inherited IRA from her son, who had inherited the account from his father (the original IRA owner). Both...

Hello, Thank you for your help in advance. I have a 60 yo business owner client who is looking to...