Site search

I”m 76, married and retired. For the last 10 years my main source of income has been the RMDs from...

A client took out two RMD’s after Feb 1: one from her traditional IRA and another from her spousal Inherited...

It’s a confusing year for charitably minded seniors with traditional individual retirement accounts—and a good one to reconsider giving strategies....

I know Slott had a post about this back in 2018 after the tax relief package was passed, that included...

In tax year 2019 I took sequenced actions as indicated in the subject line. When I did the RMD portion...

Good Afternoon – given there are “1000’s” of Mutual funds, how do you choose?. I’m a Morningstar premium subscriber and...

I grew up in the northeast, where snow squalls sweep across Lake Ontario and cede to blue skies, where 85-degree summer days change to a biting rain at a moment’s notice. The folksy phrase around town was, “If you don’t like the weather, just wait a minute.” Only nine days ago I wrote in the Slott Report about rolling over required minimum distributions (RMDs). Since the “Coronavirus Aid, Relief, and Economic Security Act,” (CARES Act) waived 2020 RMDs (and first-time 2019 RMDs not withdrawn by April 1), my article addressed how many of these RMDs, if already taken, can now be rolled over - as long as the account owner follows the normal rollover rules.

My mom passed away in January and left her traditional IRA to my 4 siblings and me (divided equally 5...

Our parents set up a trust for us, and now (after their death) my sister and I are the successor...

My wife is an enrolled agent with the IRS. One of her clients really screwed up. His father died in...