Site search

Is it safe to assume(under current regulations) a distribution(not rollover) from a Roth 401k would be coded as a NQ...

A common strategy is to go through with smaller Roth IRA conversions or to convert different assets to different Roth IRAs. If you have done this over a number of years, you probably have more Roth IRAs than you know what to do with. Maybe it is time to consolidate. Here's why.

"I leave the remainder of my assets to my children." Of all the provisions that may be found within your will or trust, this would seem to be one of the more straightforward of such items... right? Well, you might think so, but that’s not always the case.

According to the US Census Bureau, approximately 800,000 people are widowed each year in the United States, and “nearly 700,000 of them are women who lose their husbands.” One of the greatest economic challenges for a large portion of widows in America is higher income taxes when their spouse passes away. Don Rasmussen, member of Ed Slott's Elite IRA Advisor Group, outlines how widows can take control of required minimum distributions when their spouse passes away ... lowering their tax bill.

Your state may soon be getting into the IRA business. The Department of Labor (DOL) removed a major hurdle recently, when it issued final rules for state-run IRA programs. The final rules give states a safe harbor from Employee Retirement Income Security Act (ERISA) for state-run IRAs if certain conditions are met.

Is it possible to roll over the non-basis portion of a non-deductible IRA into an employer plan so that you...

I have a client is who’s major heir of her stepfathers estate (1,000,000 +). She is the sole beneficiary on...

This week's Slott Report Mailbag follows up on Jeffrey Levine's capital gains tax strategy using a free step-up in basis and answers a question on net unrealized appreciation (NUA) benefits.

Have been presented a situation where a Husband & Wife each had a IRA with their primary Bank as Custodian/Administrator....

My client started Roth 401k contributions in 2010 which met 5 year rule. He retired this year at age 58....