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In 2016 I contributed $5500 to my Roth IRA and on Jan 15th I contributed $458 (2017 contribution). Shortly after...

A person has a legal Revocable Trust that names her Son as both Executor and the beneficiary of the Trust...

I need some help in regards to transferring a client’s account from their current 401k that has before and after-tax...

My 401K plan allows for me to receive company stock dividend payments without incurring the 10% penalty.  These distributions are coded with...

This week's Slott Report Mailbag looks into inherited IRAs, beneficiaries, and backdoor Roth IRA strategies.

Generally, the goal when naming IRA beneficiaries is that they will stretch out their distributions on the inherited IRA for as long as possible. The tax code and regulations currently support this goal by stating that the stretch option is the default option. But, of course, there are certain rules that must be followed. The IRA agreement must allow for a stretch option. As unbelievable as it may seem, there are still IRA custodians that do not offer a stretch option to beneficiaries.

IRAs have been around for decades. You may have had your IRA for years. Maybe many years ago, when you established your IRA, you named a trust as the beneficiary and haven’t thought a lot about it since. You likely spent both time and money drafting the trust and were careful to name the trust on your IRA beneficiary form. Here are some reasons why it might be worth it to reconsider that decision.

I am retired and hope to reach the ripe old age of seventy and one-half years in May, 2017. I...

Both Husband and Spouse have been taking RMD’s for several years. Husband is older than wife. Husband dies mid January...

Client: 100% owner Turns 70.5 in 2017 401k: Roth & Pre-tax dollars Roth IRA outside (not sure exactly how long...