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A long story but I will cut to the chaff. James X Sr. named his estate as the sole beneficiary...

I rolled over my employment 401k into an IRA in 2008, my first year for RMDs was 2014. The 401K...

Are you named as a beneficiary on an IRA? It probably is not your intention to have a large portion of that inherited IRA go to taxes. How can you avoid this unfortunate outcome and maximize your IRA tax advantages? What is the most important thing you need to know as an IRA beneficiary?

Hi. I have a couple questions before feeling comfortable using the 72t rule to take early distribution from my IRA–without...

Just got this e-mail form the #2 daughter who just changed jobs and the new company has a “Simple IRA”...

The year-end required minimum distribution (RMD) questions are starting to come in. This one came in from an advisor. Melissa and her spouse Gary both turned age 70 this year. Melissa’s birthday is in May and Gary’s is in September. Who has an RMD for this year?

Client has 3 step children. She did not adopt them. a. When she passes, is the tax consequence on the...

This week's Slott Report Mailbag answers questions on the tax "sweet spot" in retirement, the tax and penalty impact on a non-spouse beneficiary's inherited Roth IRA distributions and the future of the stretch IRA.

Clients are married.. 70 y/0 Children are mid 20’s. Attorney advised to name a Revoc Trust as Bene..After the surviving...

ABLE (Achieve a Better Living Experience) accounts are a brand new type of tax-favored savings account created to benefit young disabled persons. One of the questions that has been asked with increasing frequency is, “Should I use a special needs trust or an ABLE account to safeguard my money [for my special needs beneficiary]?” We outline 5 key areas to consider, along with a brief description of whether an ABLE account or special needs trust gets the edge in that area.