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Question: Our estate planning attorney prepared trust documents a few years ago and he advised us to name the trust as a beneficiary. This was done after discussion with him regarding a situation in case our son(s) divorce their wives. The trust is prepared so that our sons are designated beneficiaries. I've been reading your Slott Report article that advises against naming a trust as IRA beneficiary. Please let me know how to make sure half of the inherited IRA funds don't go to our son's divorced spouse. Thanks in advance.

Client has a traditional IRA that contains after-tax (basis) funds – They took a CRD earlier this year. Does the...

I plan to disclaim an Inherited IRA qualified annuity to the estate so the one heir in will (deceased significant...

The October 19, 2020 Slott Report article, "Don't Overlook After-Tax Contributions!," explained how after-tax contributions in company plans work and discussed the dollar limits on them. This article will explain how distributions of after-tax contributions are taxed and can be rolled over separately. If you have both pre-tax deferrals and after-tax contributions in your 401(k), you can’t just take out your after-tax funds to avoid paying taxes on the withdrawal. Instead, a pro-rata rule treats part of your distribution as taxable.

Scenario: Client opens Roth IRA account 4/11/2019 at age 72, then does a Roth conversion into this same account November...

Hello- When doing a Backdoor Roth, is it best practice to purchase an investment in the IRA with the funds...

Now that the 8/31 deadline has passed, do those still within the 60 day window get the benefits listed in...

Hi – I want to convert some IRA $’s to my “old” existing Roth (created in 2012). After the conversion,...

Trick-or-treating in the time of a pandemic is a challenge. Social distancing while handing out candy requires some creativity. The Slott Report has elected to place a big bowl of random treats in front of our house for the kids to pick from. We bought a lot of candy, so feel free to take more than one… Twix. Do not name your estate as your IRA beneficiary.

We have a client who just turned 30 . This means she (and 4 other grandchildren) receive inheritance from her...