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It’s back to school time and the costs for college are quickly mounting. Where is the money going to come from? Many times individuals look to their retirement funds to pay higher education expenses. Can this be done and is it a smart move?

Experienced this for the first time recently when an employer notified a retiring employee of their options pertaining to leaving...

Administrator of brothers estate–brother died without a will at 49 years of age & no bene for 401K. TItled 401K...

Quick question. Recently initiated rollover from 401K. Requested separate checks for pre tax and after tax portions of account. Fidelity...

A well-known quote attributed to baseball great, Frank Robinson, says “Close doesn't count in baseball. Close only counts in horseshoes and hand grenades.” In a recent Tax Court Case, David D. Pritchard et ux. v. Commissioner; T.C. Memo. 2017-136 (July 10, 2017), the Court found the exceptions to the 10% penalty for early distributions from retirement accounts to be more like baseball than horseshoes or hand grenades. Close is not good enough!

This may be a silly question, but knowing the rationale behind it all would help. I have a client who...

My question is how do you calculate the RMD from a defined benefit plan? As background, taxpayer retired in Oct...

Case Situation The Tax Payer (TP) (Current Age: 64 but will be 65 in July 2018) has been working for...

This week's Slott Report Mailbag looks into the one-rollover-per-year rule, RMDs and the 10% early distribution penalty.

we have a client who inherited her mom’s qualified annuity back in 2012. Mom died 7/9/2012 (date of birth 12/19/1927)....