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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.

Hello. I am hoping that I can find some answers here. My mother inherited an IRA from my father who...

This week's Slott Report Mailbag looks into direct rollovers, Notice 2014-54, the pro-rata rule and NUAs.

I would like to know if it is possible to do the following:1. I am retired and 59 years and...

As with most IRA rules, there are exceptions to the once-per-year rollover rule. The rule applies to IRA-to-IRA and Roth IRA-to-Roth IRA 60-day rollovers. Just to be clear, an IRA rollover occurs when a check is issued by the IRA or Roth IRA custodian that is payable to the account owner. The following are the exceptions.

35 yr old client contributes an extra $35k to his 401k with after tax doilars. his plan allows for in...

The once-per-year IRA rollover rule sounds pretty easy to understand. You may only do one IRA-to-IRA (or Roth IRA-to-Roth IRA rollover) per year (365 days). However, there are many ways it can go wrong. Consider the following two scenarios. One involves multiple distributions and the other involves multiple rollover deposits. One is ok and the other is not.

Background: father left a Roth Ira with no beneficiaries in 2014. Roth goes to estate per trustee. Prenup was in...