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This has to do with a situation that happened in 2012 with a client that was 61 at that time....

This week's Slott Report Mailbag looks into inherited IRAs, spousal rollovers, and 401(k)'s.

What are the rules when you inherit an inherited IRA? We get this question frequently. Let’s consider what happens when using designated beneficiaries.

Ed’s august newsletter contains a lot of reminders and “nuggets” regarding the “still working” exception. It go me thinking…. Would...

Retirement plans are intended to be used for retirement. However, sometimes life gets in the way and you need to tap those funds early. Generally, when you take a distribution from your retirement plan prior to reaching age 59 1/2, you will be hit a with a 10% early distribution penalty. However, there are some exceptions to the penalty. Determining whether an exception applies can be tricky because some exceptions apply only to IRAs and some apply only to company plans. Other exceptions apply to both. Take our 10% early distribution quiz and see how well you know these complicated rules.

In Nov 2014, based on IRS guidance “Notice 2014-54”, I did an in-service rollover of my after-tax contributions to a...

This week's Slott Report Mailbag looks into into IRA contributions and rolling over 401(k) assets from former employers.

I have a deceased client who left approximately $475,000 to her beneficiary who is a sister. There is $135,000 of...

A very common mistake on the part of IRA owners and plan participants is thinking that distributions taken because of their financial difficulties are tax and penalty free.

Participant dies August 2016 with QDRO beneficiaries being two US citizen daughters and one French daughter and having not taken...