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When you encounter tough economic times, you may be tempted to tap your retirement plan. If you are considering this, you will want to proceed carefully. If you are under age 59 ½, any distributions you take may be taxable and also subject to the 10% early distribution penalty. Whether or not there is an exception to the penalty for financial hardship is a common misconception.

My retirement account is a government 457 deferred comp. plan. With the 457, funds are available for disbursement when the...

Age 45 client will make a post tax contribution to a new IRA (has no other IRAs) and then convert...

This week's Slott Report Mailbag, coming to you live from our 2-Day IRA Workshop in Philadelphia, contains questions from consumers screaming (sometimes literally) for help! In several cases, the issues involve the magic age of 59 1/2 and cover a variety of topics, including life insurance issues, 72(t) payments with a divorce and the Roth IRA 5-year rules.

“If I roll my 401(k) money to an IRA, how safe will it be from creditors?” This is one of the most common – and in some cases, important – questions people have when they are considering moving their 401(k) money to an IRA. Unfortunately, there’s not just one simple answer.

Everyone thinks they know what a rollover is, but do they really? A rollover is when you move retirement funds from one account to another. Well, that is partially right. We examine the true definition of a rollover in the employer plan and IRA worlds.

Can the non-spouse beneficiary of a Non-qualified annuity simply gift the annuity to a charity and avoid the income taxes...

Greetings, Using both ROTH and Traditional Thrift Savings Plan (TSP)contributions, how do I maximize the elective deferral limit (18K) and...

Greetings, Using both ROTH and Traditional Thrift Savings Plan (TSP)contributions, how do I maximize the elective deferral limit (18K) and...

Greetings, Using both ROTH and Traditional Thrift Savings Plan (TSP)contributions, how do I maximize the elective deferral limit (18K) and...