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We are frequently asked when required minimum distributions (RMDs) begin when an individual inherits an IRA. As with most things related to IRAs, the answer is, it depends.

I seem to recall coverage of the long term leverage that could be accomplished by an IRA owner, who is...

Rothification is a term that is being tossed around a lot as tax reform takes center stage in Congress. What does Rothification mean? Proposals vary but, basically, it’s the idea of eliminating tax deductions and deferrals for retirement savings and instead mandating after-tax contributions with a payoff of tax-free earnings down the road. This is how Roth IRAs and Roth 401(k)s work so hence the term “Rothification” has emerged.

I’m in my mid fifties and planning to do Roth conversions as follows * Do Roth Conversions annually to fill...

Is there any way to find out the state by state rules for naming someone other than and spouse beneficiary...

This week's Slott Report Mailbag looks into 403(b) plans, RMDs, still-working exceptions, and trusts. 

I am 58 years old and rolled after tax 401k contributions from a previous employer to a Roth IRA in...

In a post last week, we talked about the Roth recharacterization deadline which is fast approaching. October 16, 2017 is the last date to recharacterize a 2016 Roth conversion. Another important deadline that is coming up is for trusts that became the beneficiaries of retirement assets in 2016. A qualifying trust can use the life expectancy of the oldest beneficiary of the trust to calculate required minimum distributions that are payable to the trust as the beneficiary of the IRA. A qualifying trust is often referred to as a look-through or see-through trust. There are four requirements that a trust has to meet in order to be a qualifying trust. From § 1.401(a)(9)-4, A-5.

There is a foreign person from India who is in the United States on a work visa. He has a...

I have a client who is 69 years old who has an old 401k with $3.5 million in ITW stock...