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This week's Slott Report Mailbag answers readers' questions about non-deductible contributions, form 8606, and conversions.

One of the benefits of a Roth IRA is that contributions can always be distributed out of the Roth IRA with no tax, and no early distribution penalty for those that are under age 59½. But, you have to be able to prove to IRS that you are taking a distribution of contributions only. Under the distribution ordering rules, all Roth IRAs are treated as one Roth account, contributions are deemed to be the first amount distributed, then conversions – first in, first out – and lastly earnings are distributed.

Hello- Client has an Indiana PERF account with both taxable and non-taxable funds. We elected a rollover yesterday to another...

With the 2017 tax filing date quickly approaching, many taxpayers look to take advantage of IRA contributions to lower taxable income prior to filing. However, before making that contribution, you want to be sure to meet all the eligibility rules.

I’m over 55 and I over contributed to two different 401k plans in 2017 when I worked at two different...

Hello, this is my first post here, I appreciate all the great tips and insight offered on this forum. My...

I am a volunteer with AARP at Luke Air Force base in Arizona. I had a airman that withdrew over...

This week's Slott Report Mailbag answers readers' questions about Roth IRAs, earned income, and stretch IRAs.

A QCD is a qualified charitable distribution. It is a way to transfer funds from your IRA to a qualifying charity as a non-taxable distribution. It can also satisfy your RMD (required minimum distribution) for the year. You must be at least age 70½ at the time of the transaction to qualify. There are four things that you must know.

I remember reading that you cannot contribute to a traditional IRA after 70.5 years of age. Are you able to...