Site search

I know that when you convert a TIRA to a Roth it can be good idea to open multiple TIRAs...

I have a client with a $1 million IRA, he wants to make a trust beneficiary. The money is to...

So you think you don’t need/can’t afford an advisor? Have you considered the cost of making IRA mistakes? Even seemingly simple transactions are subject to rules and restrictions under the tax code. Did you contribute too much by mistake? This mistake cannot be corrected by simply withdrawing the excess amount. There are rules on how to fix the mistake. If you are not thoroughly familiar with the IRA rules, it is all too easy to make a mistake, and mistakes can be very costly.

Have a client that passed away and her spouse is rolling over her 401k to his own IRAs. The vendor...

We have a client who is considering an NUA distribution out of his 401(k) – cost basis on the company...

Individual currently has a traditional IRA and is in process of establishing a SIMPLE IRA with employer. Can the traditional...

I might be losing it 🙂 I thought I read somewhere that when one opens a Traditional IRA (non-deductible) with...

This week's Slott Report Mailbag looks into calculating RMDs with multiple beneficiaries and inheriting IRAs.

Both husband and wife are past the 70 1/2 age and have been taking RMDs. Younger wife inherits the husbands...

The Roth IRA rules can be complicated. One area that is especially complex is understanding how the 10% penalty applies to converted Roth IRA funds. Here are five things you need to know if you already have converted funds in your Roth IRA or if you are just trying to decide whether Roth conversion is the right strategy for you.