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Client took 2020 RMD in January & decided to turn it into a Roth conversion with the after-tax portion, before...

After 72 can you gift an IRA over and above the RMD amount to charity? Or is it just RMD...

Important Retirement Account Deadlines Loom

• Returning Unwanted RMDs After August 31
• Small Business Retirement Plan Deadlines
• Excess IRA Contributions and Recharacterization
• Coronavirus-Related Distributions
• Qualified Charitable Distributions
• Net Unrealized Appreciation

Executive Summary

IRS Issues SECURE Act Guidance

• IRA Contributions After Age 701⁄2
• Penalty-Free Distributions for Birth or Adoption
• More Areas of Guidance
• Further Guidance Needed

GUEST IRA EXPERT: Brad Pistole, 

Think of a top hat, and you’ll likely conjure up images of Franklin Delano Roosevelt or the temporarily-deceased Mr. Peanut or Rich Uncle Moneybags from Monopoly. But a “top hat plan” is also the informal name of a type of section 457(b) plan for management employees (hence the name “top hat”) of private tax-exempt companies such as hospitals. A top hat plan is different from the more common type of 457(b) plan for state and local government workers.

Can’t figure out what is the deadline date for application of the 5 year rule. Is it exactly 5 years...

Inherited Traditional IRA – I am grandmother of 4 young children and only direct family member left (sister of deceased)....

Question: Ed and team, I am sure my question has been asked by others. Now under the SECURE Act with no more stretch features to an inherited IRA, if a person dies and leaves his IRA to a child and that child waits 9 years and 11 months after the year of death and named his children (taxpayer’s grandchildren) as his successor beneficiaries, do they have only one month to clean out the IRA or does the 10 year period begin all over.

Dear Mr. Slott and Associates, I have a conundrum involving basically a tax question relating to Obamacare and Roth accounts....

Can a person still make an Indirect Rollover Contribution to an IRA even if it is past the 60day window...

Gradually, the IRS is clarifying sections of the SECURE Act that require further guidance. In Notice 2020-68, released September 2, the IRS addressed a number of items in a Q&A format. For example, “Is a financial institution that serves as trustee, issuer, or custodian for an IRA required to accept post-age 70½ contributions in 2020 or subsequent taxable years?” Surprisingly, the answer is No. Financial institutions do not have to accept post-age 70 ½ IRA contributions even though such contributions are permitted by the SECURE Act. (Why an institution would refuse these deposits is beyond me.)