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I have a client who used the NUA strategy last year, in 2016. She retired from P & G. She...

Does anyone have experience with “excess deductions” and the Civil Service Retirement System (CSRS)? Federal employees who work past 41...

I will be retiring in about a year. My retirement election will include a monthly check of about $5000 and...

As the summer heats up, healthcare remains a hot topic. Will the ACA survive? Will Congressional Republicans succeed in repealing and replacing it? As we reach July these questions remain unanswered. One thing that is clear, however, is that Health Savings Accounts (HSAs) are playing a significant role in the healthcare deliberations. Proponents advocate expanding these accounts as a way to save on health costs and get a tax break. Opponents argue that HSAs can’t help those who cannot afford to fund them.

A client prepared a Revocable Living Trust and has made the trust his Contingent beneficiary on his IRA. His spouse...

This week's Slott Report Mailbag looks into inherited IRAs, RMDs, and NUAs.

We have a client who retired from Colgate this year. She had pre-tax money of $1.7MM (all non-company stock), Colgate...

Hi. Husband named his spouse as primary bene. of his IRA. He passed away at 62. She is 57. She...

I have just received information from my sister that I was the only child not named as a beneficiary on...

1. General Rule As a general rule, the account balance used for calculating required minimum distributions (RMDs) is the prior year-end account balance, with no adjustments. For example, if you are calculating an RMD for 2017 you would use the 2016 year-end account balance. If you are calculating a missed RMD for 2014, you would use the 2013 year-end account balance. If you have your first RMD due for 2017 and you take that RMD in March of 2018, you still use the 2016 year-end account balance. As usual with retirement distribution rules, there are some exceptions to the general rule.