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If you or a family member encounter financial trouble, you may think that your IRA is a good resource to get you through the crisis. Be careful! While some company plans allow for loans, loans are not allowed from an IRA. To get around this rule, some taxpayers take IRA distributions to get quick cash and figure they will have resources to roll over the distributed amount within 60 days. This can be a dangerous plan as one IRA owner found out in a recent Private Letter Ruling (PLR).

A person must begin taking distributions from his or her IRA the year following age 701/2. If a person is...

client passed away and has IRA a. Can the heirs have the RMD for 2016 sent to a charity to...

Marriage changes a lot of things. Some things are not quite as obvious as others. We walk you through the key changes to your IRAs, Roth IRAs and overall retirement planning.

When one spouse dies, can the other spouse gift the remaining unused portion for the deceased spouse? I know the...

Another edition of the Slott Report Mailbag examines the power and process behind a stretch IRA and answers a tricky question about using the cost basis of employer stock to satisfy required minimum distributions (RMDs).

If a person dies after taking a large distribution from an IRA, could the executor of the estate roll it...

As with most IRA/tax strategies, the net unrealized appreciation (NUA) strategy comes with a few “don’ts.” Any one of these could mean a loss of your ability to take advantage of the NUA tax benefit.

I am 67 and married (spouse is 63) and we have two daughters ages 28 and 32. I am considering...

Client’s Dad passed away and left his son with the corporation in 2000. a. Does my client receive a step...