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We have a prospect that had their current advisor roll their company stock in a 401k plan into a rollover...

What happens when a beneficiary misses their first RMD? IRS answered this question recently in Information Letter 2016-0071 in response to an inquiry. The question was if the 5-year rule was automatically required when a non-spouse beneficiary named on the beneficiary form missed their first required minimum distribution (RMD) in the year after the death of a Roth IRA owner. As unbelievable as it may seem, IRS had never before directly addressed the issue of a beneficiary missing their first RMD.

Question. A person had a 401 K that consisted of both pre tax and post tax funds. As an example...

I know you have to start taking RMDs from IRA’s the year after you turn 70 1/2, and you do...

I converted a bond from my traditional IRA to my Roth IRA in April 2016. The value of the bond...

Your IRA savings are intended to be used for your retirement. However, if you are like many others, your IRA may be your biggest asset. If you are looking to become a home owner, you may need your IRA funds to make that happen and there is a special break in the tax code that can help you.

Client is younger than 59 1/2 and has household income of $150K. We’re rolling over his 401(k) that holds $51K...

This week's Slott Report Mailbag answers a couple questions regarding beneficiaries of an IRA.

A client passed away in 2015, he was a schedule C, sole proprietor (unincorporated). The accountant wants to know if:...

I have a client who has $3.2 million in company stock in his 401k. We are considering taking advantage of...