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On Monday, February 2, 2015, President Obama’s Fiscal Year 2016 Budget was unveiled to the American public, along with the Department of Treasury’s Greenbook, which provides further explanation and details of the proposals in the President’s budget. In truth, the President’s budget is really more of a “wish-list” than anything else, but here's a good indication of where the administration is headed when it comes to retirement planning.

I believed I would be able to directly fund my Roth in 2014, however, after contributing $1750 I realized my...

After the 2 year SIMPLE IRA limitation, can a participant consolidate traditional IRA’s into their SIMPLE IRA?

Is there an actually deadline date of 2/2/15 for receiving a 1099-R? Can the company responsible file an extension or...

For anyone who did a Roth IRA conversion in 2010, you have now fulfilled the 5-year waiting period for taking penalty-free distributions from your 2010 Roth conversion. You have also passed one test for taking a qualified distribution. Here's what else you need to know about the Roth IRA 5-year clock.

In this week's Slott Report Mailbag we answer questions on (dreaded) excess IRA contributions and the penalties involved as well as whether an individual can start taking RMDs (required minimum distributions) only to start working again and halt taking them.

Client has a Roth IRA started with contributions but not open for 5 years. They took a full withdrawal including...

If you’re one of the millions of Americans that will have some type of money riding on this weekend’s big game, your gambling wager could have both tax and IRA planning consequences. We break down what happens if you win or lose plus a prediction for Super Bowl XLIX.

This is a question about taxation of RMD distributions from a 403(b) plan in regard to New Jersey income taxes....

Soon, you’ll be getting a copy of your 2014 IRS Form 1099-R if you took an IRA distribution last year. You will be sent a copy by Monday February 2, 2015. How do you decode your early IRA distributions on this form?