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In 2024, a client (age 49) and inherited her husbands (age 50) IRA and left it as an inherited IRA....

In 2024, a client (age 49) inherited her husbands IRA (age 50) and left it as an inherited IRA in...

While most distributions from a Traditional IRA are taxable, sometimes distributions can include after-tax dollars. These after-tax dollars are known as “basis.” Handling and tracking basis in your Traditional IRAs can be challenging, but it is important to get it right. If mistakes are made, double taxation can occur. That is a result no IRA owner wants.

While House Republican lawmakers approved a Senate-passed budget outline, "the details still need to be ironed out," according to Ed Slott of Ed Slott & Co., and the "actual tax and spending provisions are as yet unknown." But generous gift and estate tax exclusions as well as standard deductions would likely continue, Slott said.

Industry veterans Ed Slott and Ric Edelman are counseling advisors and their clients to stay the course after markets plunged Thursday on news that President Donald Trump imposed tariffs of at least 10% on all imports. "On days like this — and [Thursday’s] may be a record decline — it’s best to do nothing," Slott of Ed Slott & Co., told ThinkAdvisor in an email.

My client, Susan, age 81, passes away in late January 2025. She has a traditional IRA with $900,000. One beneficiary,...

Hello Alan, I have a client who is executing a 60 day rollover following a mistake by the 401k plan...

With the popularity of Roth 401(k) contributions, after-tax (non-Roth) employee contributions have gotten short shrift. But, if your plan offers them, after-tax contributions are worth considering. They can significantly boost your retirement savings and can sometimes be funneled into Roth accounts while you’re still working.

Whiplash: Retirement Account Opportunities & Mistakes During Market Volatility

• Roth Conversions
• RMDs
• NUA
• 72(t) Adjustments
• No Time to Panic

Insert: Creditor Protection for Retirement Accounts

Creditor Protection for Retirement Accounts

• Bankruptcy Protection for IRAs
• Bankruptcy Protection for Company Plans
• General Creditor Protection for IRAs
• General Creditor Protection for Company Plans
• General Creditor Protection for SEP and SIMPLE IRAs

Guest IRA Expert:
Don Cash CPA,

The pro rata rule applies if a person makes a non-deductable contribution to an ira and converts after tax funds...