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Have often wondered how to do this and if it is legal. Does the IRS really care if you don’t...

This week's Slott Report Mailbag looks into RMDs and spousal IRA beneficiaries.

Every year more Baby boomers move toward age 70 ½ and their first required distributions from their retirement accounts. For those boomers born between July 1, 1946 and June 30, 1947, you turned 70 ½ in 2017. You now need to take your first required minimum distribution (RMD) from your IRA accounts. Here are the basics of that first distribution.

My client is 74 years old. This year (2017) she will have net schedule C income of $40,000. She has...

If you inherit an IRA, especially if it is a larger one, you may be afraid of being stuck with the five-year distribution rule. If this rule applies, your IRA must be entirely emptied in five years which can be a serious tax hit. Fortunately, you are much less likely to be stuck with the five-year rule than you may think.

I am going to move and IRA with a 72T plan that was started back in June 2017, I have...

I moved my 401k from a previous employer to a traditional IRA this year (Oct 2017). I would like to...

A spouse is trying to decide whether to roll her deceased husband’s IRA account to her own IRA or keep...

I have a client whose daughter had unexpectedly passed away in June of 2017 and had a large 403b in...

Is there a time limit or deadline for assuming the deceased spouse’s IRA as ones own, rather than creating an...