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Scenario – A Trust is the beneficiary of an IRA. IRA owner died at age 75 and was taking RMD’s....

On clients statements the portion usually states an amount as After Tax or Post Tax. Is all of that amount...

You need to take a required minimum distribution from your employer retirement plan this year, but you moved the plan assets to an IRA without taking the RMD. That's the first mistake. We discuss how to fix it without compounding your error in today's article.

Less than 59 ½ years old; 401K plan allows in-service withdrawal/rollover per below: Rollover Amount: $500k Taxable Amount: $300k Non-Taxable...

This week's Slott Report Mailbag sheds like on the titling of an inherited IRA and looks at the maneuvering of retirement assets through the disclaimer process. Read on to receive the answers to questions on these two important IRA planning topics.

It’s December already, and you’ve just realized that you haven't been withholding enough income taxes so far this year and/or you haven't been making the proper quarterly estimated payments in 2014. You will likely owe a penalty unless you do something to fix the problem before year end. That's where your IRA comes in. We explain a trick to reduce, or even eliminate, any estimated tax penalties you might otherwise owe.

I plan to work until the age 75 (I’m now 69) and understand that I can still contribute to the...

If you’re the beneficiary of a deceased IRA owner, December 31, 2014 is an important date. If the decedent died in 2013 or earlier, you generally have to take a required minimum distribution (RMD) from the IRA by year-end to avoid a 50% penalty for not doing so. Read on to see how it works.

I received a call from a client whose brother just passed away. He was 55 years of age. He named...

IRS has released an update on their IRA rollover chart that includes language regarding the more restrictive once-per-year IRA rollover rules that take effect on January 1, 2015. Read more to view and print the chart.