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1.) Mother over age 70 1/2 dies and leaves her IRA to her daughter. 2.) Daughter dies 6 months later...

Two challenges that retirees and pre-retirees are facing are rising medical costs as well as trying to figure out how to distribute their tax deferred retirement accounts, such as Traditional IRAs with the least amount of tax possible.  There is a strategy that can “tackle” both challenges at once! 

Jenny has a 401(k) plan at work and she has an IRA. Jenny is 72 but is still working. Her employer plan has a “still working” exception so Jenny does not have to take required minimum distributions (RMDs) from her plan. However, she does have to take RMDs from her IRA.

Client is a South Africa non-US citizen. He worked for a US company in the US for a number of...

This week's Slott Report Mailbag looks into IRA transfers, unclaimed property, and IRA rollovers.

I retired in January 2016. I had both Traditional and Roth 401(k) elements within the 401(k) totals because my former...

A Qualified Charitable Distribution (QCD) is way for you to move funds out of your IRA to a qualifying charity income tax free. Time is running out if you are interested doing a QCD for 2016. The rapidly-approaching deadline for a QCD for this year is December 31, 2016. If you are thinking this might be a good strategy for you for 2016, here are 5 rules you must know.

I have a client who recently left his company (where he was an employee) to start his own company where...

Scenario: wife passes away fall of 2015 and had already taken RMD for 2015. Husband rolls the IRA into his...

I had a client who passes away in Jan 2012 after her RBD. Her 46 year old daughter was her...