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My original plan of working past 70 this year and retiring in Feb 2015 had to be jettisoned due to...

The "I" in IRA stands for individual. There are many things you can do with your IRA - and we cover them at length in this space. However, there are also many things you CAN'T do with the account. Here's a list of five.

Hi: If someone rolls after-tax contributions from a 401k plan to a Traditional IRA is the account holders responsibility to...

This week's Slott Report Mailbag examines how to title beneficiary IRA trusts and answers questions on moving non-IRA assets to inherited IRAs and accessing 403(b) funds and moving them to different accounts while still working.

Tax free just has a nice ring to it, doesn’t it? There are many types of tax-free income. Life insurance proceeds, qualified Roth IRA distributions and municipal bond interest come to mind as three of the most common sources. If these various types of income are all “tax free” though, does that mean that they all have the same, seemingly non-existent, impact on your tax return? Maybe, maybe not. Consider the following.

Client took a distribution from thrift savings plan and rolled over to IRA within 60 day window. They now want...

Victims of severe storms and flooding that started on August 11, 2014 in parts of Michigan may qualify for tax relief from the Internal Revenue Service. On September 26, the IRS issued News Release MI-2014-21, which extended certain deadlines for individuals and businesses affected by those storms. Read on to see if you are affected by these extensions.

I have a client who has a cost basis of $86,000 in company stock. Market value is $207,000, for a...

The IRS website includes several valuable free employer retirement plan resources. One example is their newsletter Retirement News for Employers. There is a section of this specific newsletter that examines starting an employer plan. Read on for more details on this newsletter and other free IRS resources.

CLIENT HAS THE FOLLOWING SITUATION: HE HAS SHORT TERM NEED FOR $100,000. AFTER DISCUSSION WITH FINANCIAL ADVISER, HE DECIDES TO...