Site search

Too Much of a Good Thing?

• No-Longer-Deductible IRA Contributions
• Excess Contributions
• Fixing an Excess Contribution After the Deadline

• Conclusion

Executive Summary

Consolidating Accounts to Simplify Retirement

• Benefits of Consolidation
• Consolidating with an IRA Rollover ρ Portability Limits
• Advisor Action Plan

Insert: Retirement Account RMD Aggregation Chart

GUEST IRA EXPERT: Don Graves,

Transferring Roth IRAs After a Gray Divorce

• Two Methods for Tax-Free Transfer
• Transfer of Roth 5-Year Forever Clock
• Transfer of 5-Year Clock for Roth Conversions
• Pro-Rata Transfer of Assets
• Tracking 5-Year Clocks in the Receiving Roth IRA

Executive Summary

Maximize IRA Contributions by Avoiding These 6 Common Misconceptions

1. I Am Too Late
2. I Am Too Old
3. I Don’t Have Any Earned Income
4. I Can’t Afford to Contribute
5. My Income Is Too High
6. I Have a Retirement Plan at Work

Insert: Tax Planning Charts

GUEST IRA EXPERT: Bill Upson,

Top IRA Rulings of 2020

• Three Stars for SECURE
• Fiduciary Income Tax Experts ρ Lifting Life Insurance
• Relying on Roth
• Matters of Trust
• SECURE Strategies
• IRS Actions
• Court Cases
• Private Letter Rulings

Summary of Key Rulings

 

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, 

WHAT’S INSIDE

 

IRS Updates Qualified Plans’ Rollover Notie: Use This to Your Clients’ Advantage

• Extended Rollover Period for Plan Loan Offsets

• Exceptions from the Early Distribution Penalty
• Self-Certification for Late 60-Day Rollovers

–

Company Plan Distribution Rules: The End of the Line

• Plans and IRAs Share RMD Rules
• Three RMD Differences
• Plan Distribution Options
• Post-Service Distributions
• In-Service Distributions: Age 59½
• In-Service Distributions: Rollover Amounts
• In-Service Distributions: Factors Other Than Age
• Plan Loans and Hardship Distributions
• Summary Plan Description 

Pages 1-4

 

Untying the Knot – How to Get It Right When Handling an IRA in a Divorce

• Divorce Decree is a Must ρ No QDRO Needed
• Preparing for a Transfer Due to Divorce
• How to Transfer IRA Funds in a Divorce
• What NOT to Do: The Kirkpatrick Case
• After the Transfer Due to Divorce

Pages 1-3

Insert: Splitting Retirement Accounts in Divorce Using the Disclaimer as an Estate Planning Tool 

• The Basics 
• Example 1: Complete Disclaimer 
• Example 2: Pecuniary Disclaimer 
• Example 3: Fractional Disclaimer
• Last Thoughts

Pages 4-5

10 Ways the Tax Cuts and Jobs Act of 2017 A ects IRA Planning

1. Roth IRA Recharacterizations
2. Back Door Roth IRA Conversions
3. Kiddie Tax
4. Disaster Area Losses
5. Charity Deductions
6. Medical Expense Deductions
7. Estate and Gift Taxes
8. Investment Expenses
9. Alimony
10. Lower Tax Rates

Chart | 2018 Retirement Plan Contribution Limits

Guest IRA Expert Martin E.

Basis in an IRA
• Basis in an IRA
• What is Basis in an IRA?
• Distributions of Basis
• Tracking Basis in IRAs and
Roth IRAs
• Establishing Basis After the
Fact
• An Easier Way to Reconstruct
Basis
• Basis in Employer Plans
–

Roth 401(k), 403(b), 457(b),

TSP Distribution Rules

• Qualified Distributions
• Non-Qualified Distributions
• The 5-Year Rule and Multiple Plans • The 5-Year Rule and Rollover to a

Roth IRA
• The 5-Year Rule and In-Plan Roth

Rollovers
• Rollovers and Transfers
• The Rules for Moving Employer

Roth Funds (Chart)

-Page 1-3

Court OKs $6 Million Roth IRA Scheme,