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Can an inherited IRA qualify for a QLAC (qualified longevity annuity contract)? Can I use my Roth IRA to pay for my grandchildren to go to college? These questions and more are answered in this week's Slott Report Mailbag.

One of the most common questions retirement savers ask is, “Where should I be saving for retirement? Should I be saving in my employer’s plan? An IRA?” While there’s no one-size-fits-all answer to these questions, IRA Technical Expert Jeffrey Levine implores you to take advantage of "free" money.

By the time you read this blog, April 15, 2015 might have passed. If not, you’re in luck - you still have time to make a 2014 Traditional or Roth IRA contribution. How much time do you still have?

Self employed client – sole proprietor – only employee – wants to make 2014 contribution to existing IRA account. Called...

The last paragraph of this article has been raising some questions: http://www.advisorperspectives.com/newsletters15/Why_2015_Will_Be_the_Year_of_the_Roth.php To quote: “What truly is Earth-shattering is that,...

The client made an IRA contribution after age 70 1/2 for 2014. We caught their error and recharacterized that in...

A taxpayer went to IRS with the plea that the 60-day IRA rollover period came and went without activity due to her financial instability during a time of employment insecurity and other stressful experiences. What was IRS' response to the request for more time?

We are frequently asked how to take an undistributed RMD (required minimum distribution) for an IRA account owner in pay status who died during the year. So, should the RMD come out of the deceased owner’s account before or after it is re-titled as an inherited IRA?

I have rolled over part of my 401K to a Rollover IRA. I still have some left in a Stable...

This week's Slott Report Mailbag looks at a dilemma we see in many households: expected income exceeds Roth IRA contribution limits, so the family elects to open a Traditional IRA, only to see by year-end that the expected income fell under the contribution limits. Can this family convert the Traditional IRA money to a Roth? Also, we examine the process of taking a required minimum distribution on an account valued at zero, and answer an inherited IRA question about the proper way of distributing funds.