Site search

Thanks to those that replied to the original post below. It turns out that the TOD was not updated and...

A client of mine requested a rollover from 401(k) after speparting from service. He is 45. Fidelity is processing and...

This week's Slott Report Mailbag answers readers' questions about avoiding converting after-tax contributions to a Roth IRA and aggregating RMDs.

What is the simplest mistake you can make to cause major harm to your intended estate plan - and to the people you wish to provide for through that plan? It is having outdated (or missing entirely) beneficiary designation forms for your IRAs, employer-provided retirement savings plans, life insurance policies and other valuable financial accounts.

On Friday February 9, 2018, President Trump signed into law the Bipartisan Budget Act of 2018 (the “Act”). While the Act is best known for ending the nine-hour government shut down that took place on February 9, 2018, it also contained some tax-related provisions.

Question: After-tax contributions to a company 401k plan can be transferred (distributed/ “rolled over”) to a Roth account…? The earnings...

A few weeks ago, I discussed the seemingly unintended impact the Tax Cut and Jobs Act (TCJA) had on the repayment of overpayments from employer plans. In essence, by eliminating the deduction of itemized miscellaneous expenses subject to 2% of adjusted gross income, the new law negatively impacted some repayments to employer plans - namely, repayments that are $3,000 or less. Similarly, by amending the tax code section on casualty losses, Congress has limited the ability of some plan participants to qualify for a casualty loss hardship distribution.

1) Are there any states that protect IRA account from Medicaid (nursing home qualifications). I am specifically interested in California,...

I have 401(k) plan. I am over 60 and plan to retire and convert my 401(k). If I have Roth...

Normally NUA held stocks (after they were distributed from 401k account) do not get stepped basis when the holder of...