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Hello, I had previously inquired on this forum (7-10-17, “NUA and residual account balance”) about a client of mine who...

Hello, I had previously inquired on this forum (7-10-17, “NUA and residual account balance”) about a client of mine who...

We will be opening an IRA based on the following facts 1. IRA owner passed away after RBD. 2. Primary...

Did you convert your traditional IRA to a Roth IRA in 2016 and now you are reconsidering that move? Did you make a 2016 traditional IRA contribution and later discover the contribution was not deductible? Did you contribute to a Roth IRA, not knowing that your income was above the limits for eligibility? If you answered, “yes” to any of these questions, there is a deadline rapidly approaching that you will want to know about. That is the October 16, 2017 deadline for recharacterizing 2016 conversions and IRA contributions. Here are 8 things you need to know about recharacterization.

A 52 year old client passed away and had a 401k. He failed to name a beneficiary of his 401k...

For a sole proprietor, with a solo 401k that permits — – Non Roth After Tax Contributions – In Plan...

I discovered recently that I made an Excess ROTH contribution in 2015 & 2016. The contributions have subsequently been removed...

We have a client that has made the non-deductible IRA contribution of $5,500 and converted that same amount to a...

Husband (70.5+) owned an Individual Retirement Annuity. Annuity value was modest, but the death benefit was significant. Husband was drawing...

This week's Slott Report Mailbag examines 401(k)s, Roth 401(k)s, and spousal beneficiary rules.