Site search

Distributions taken from an IRA before attaining the age of 59 ½ are generally subject to an early distribution penalty of 10% of the taxable amount of the distribution. Congress put the penalty in place to deter IRA owners from using their funds before their retirement. However, Congress also realized that sometimes we really do have a need for these funds so they made some exceptions to the penalty. One of these exceptions is the disability exception. But there is a catch.

A parent died in 2003 with a Roth IRA and hadn’t taken any distributions. Nothing was distributed until the account...

We rolled the client’s (all pre tax) SEP IRA to his 401(k) in March. He had no IRA so we...

Recent estate planning and life insurance analysis got me thinking that my wife and I may be able to self-insure,...

Distributions taken from an IRA before attaining the age of 59 ½ are generally subject to an early distribution penalty of 10% of the taxable amount of the distribution. Congress put the penalty in place to deter IRA owners from using their funds before their retirement. However, Congress also realized that sometimes we really do have a need for these funds so they made some exceptions to the penalty. One of these exceptions is the disability exception. But there is a catch.

This week's Slott Report Mailbag examines ERISA creditor protection differences for 401(k)s and IRAs and answers a consumer's question on funding a Roth IRA.

my client has a 72(t) withdrawing 3300.00 per year, for the past 8 years. She got divorced and the 72(t)...

For an IRA inherited after the original owner’s required beginning date can the beneficiary change the RMD method after they...

Are you considering converting your traditional IRA to a Roth IRA in 2016? If you are making this important decision, here are 6 things you will want to know.

I have a self directed 401k and own real estate. I would like to convert to a ROTH IRA. The...