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Wife is now 81 years old. Her husband died in 2009 when he was 62 and the wife was 73....

Hopefully, by now everyone has heard that IRA owners can only do one IRA-to-IRA or Roth IRA-to-Roth IRA 60-day rollover in any one-year period. This interpretation of the 60-day rollover rules was part of a 2014 Tax Court decision (Bobrow v. Commissioner, T.C.Memo. 2014-21). What was unclear from this ruling and from subsequent IRS guidance was whether or not the rule applied to a surviving spouse who inherited multiple IRAs from a deceased spouse.

I have a client who already has a rollover IRA. He & his wife are both high earners maxing out...

Would like to know the advantage or disadvantage to leaving the proceeds in a 403b or 401k with the previous...

Would like to know the advantage or disadvantage to leaving the proceeds in a 403b or 401k with the previous...

I need to confirm something about a Roth conversion – it is my understanding that for a conversion after 59...

You have done the right thing for years. You have diligently saved and accumulated funds in your IRA. At some point, the funds that you have put away for years must come out. Uncle Sam wants his share. When you reach age 70 ½, you must take a required minimum distribution (RMD) for that year and for every year thereafter.

Client is over 65 and took an NUA Distribution.  Remaining 401 (K) Qualified assets were rolled to an IRA.  Client...

Hello. I am hoping you can give me some advice about an inherited IRA. My father passed away late in...

This week's Slott Report Mailbag looks into inherited IRAs, calculating RMDs, and 60-day rollovers.