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If a spouse inherits an IRA from their deceased spouse and the IRA was incorrectly titled as an inherited IRA...
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This week's Slott Report Mailbag looks into 60-day rollovers, IRA withdrawals, and NUAs.
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Newsletter
Basis in an IRA
• Basis in an IRA
• What is Basis in an IRA?
• Distributions of Basis
• Tracking Basis in IRAs and
Roth IRAs
• Establishing Basis After the
Fact
• An Easier Way to Reconstruct
Basis
• Basis in Employer Plans
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After you’ve answered the questions below, scroll down to see the answers and see how well you know your stuff!
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I know that when you convert a TIRA to a Roth it can be good idea to open multiple TIRAs...
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I have a client with a $1 million IRA, he wants to make a trust beneficiary. The money is to...
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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.
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Have a client that passed away and her spouse is rolling over her 401k to his own IRAs. The vendor...
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We have a client who is considering an NUA distribution out of his 401(k) – cost basis on the company...
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Individual currently has a traditional IRA and is in process of establishing a SIMPLE IRA with employer. Can the traditional...
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