Site search

Can you do an in-service rollover from a SEP IRA into a traditional IRA? Have a prospective client that has...

Is there a statutory or regulatory requirement for an IRA custodian to open a new inherited IRA account for a...

There’s been some confusion about the retirement plan aspects of the COVID-19 stimulus package signed into law on December 27, 2020. One national news network has reported that the new law extends the CARES Act tax breaks for coronavirus-related distributions (CRDs) into 2021. This is incorrect! At least for the moment, CRDs are no longer available.

Hello IRA experts, What might be the reasons a high-net-worth client family might do a Roth conversion in 2021? I...

Hello Ed, I have faithfully read the Slott Report for a long time. I must thank you for sharing your knowledge. However, it is finally my turn to write you with a question. I was quite fortunate to work for a company with an employer 401(k) plan. So, I faithfully contributed for years and now have both 401(k) and Roth 401(k) — principal and earnings — to retire on. My employer’s plan rules state that after I retire, I must take it all or nothing.

We are just a few days into the new year, and many people are anxious to get their full IRA contributions in for 2021. However, a common question is, “It’s only the first week of the year and I haven’t received a paycheck yet. Can I still make my contribution now, or do I need to wait until I actually have earned income?”

Is a traditional IRA placed in an Irrevocable Trust considered out side of ones total estate value for Illinois estate...

64 year- old working taxpayer has two existing accounts. One Roth IRA which was opened 15 years earlier by contribution....

Hello- My son is a W2 employee working a low paying job, earning about $10,000 per year. He lives at...

I’ve made the max contribution to my wife and I’s Roth IRAs since 2009. Beginning with tax year 2018, we...