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I was eligible for an HSA the entire 2014 year but only opened up my individual account in August 2014....

What happens if your IRA holds an illiquid asset and you are over age 70 ½? Can you skip the required minimum distribution (RMD)? The answer to that question is, no, you cannot skip the RMD. It is called a required distribution because the distribution is required. Here are three options for satisfying the RMD from the IRA with the illiquid asset.

This week's Slott Report Mailbag looks at the Roth IRA 5-year rules and how they apply to an investor who wants to start taking distributions from his Roth IRA. Also, it's year-end, so we look at a popular question involving the process of determining if you have a required minimum distribution (RMD), and if so, how much.

Have you taken your required distribution this year? Make sure you avoid the 50%, yes 50%(!), RMD penalty by asking yourself these 10 questions before year-end.

Individual (age 60 and a few months from retirement) has option to contribute an unlimited amount of money to the...

Many of you have asked us if Congress will reinstate Qualified Charitable Distributions (QCDs) for 2014. As of today they have not yet been reinstated for 2014, but that doesn’t mean Congress has forgotten about them. Here’s the latest on what’s happening.

Client dies at 65 and leaves substantial 401k to living trust. Trust benes are 23 year old son-75%, and ex-wife-25%....

Hello, A client maintains both personal IRAs (Roth and Roth Conversions) and a business IRA (Simple IRA – all Traditional...

A taxpayer simply wanted sound financial advice. Instead she received compounding errors, headaches and a trip to IRS. In this month's Ruling to Remember, we examine advisor and custodian errors that lead to an IRS Private Letter Ruling on an IRA to SIMPLE IRA rollover.

A client who turns 70 years old in January 2015 just retired. He has 835K in his 401K. Of this...