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Will the after the amount that can be rolled from a 401k to a Roth include earnings on the after...

Most people are familiar with the basic rules for the pre-tax salary deferrals and employer contributions that are the most frequent types of money found in 401(k) and similar plans. Few, however, are aware of the rules for after-tax contributions to the “traditional side” of such plans and the unique rules and planning opportunities that can present themselves. That’s begun to change over the last week, however, since the release of IRS Notice 2014-54, which provided exceptionally favorable guidance for people with after-tax money in their 401(k) and similar plans.

I have an IRA Rollover for a client held at Schwab Institutional. The Schwab Account Agreement allows for Investment Advisory...

Since you have unlimited access to your IRA funds, you might be tempted to use your IRA for personal use. While you are allowed to take an IRA distribution at any time, and for any reason, the IRA distribution will be taxable to you if you don’t roll it over within 60-days of receipt. So, in order to avoid having to pay federal income taxes on an IRA distribution, you might think to try and take a loan from your IRA instead. Unfortunately, taking a loan from your IRA could actually cost you MORE in taxes than taking an IRA distribution.

A client distributes $100,000, but only has an RMD requirement of $80,000. Client dies shortly after the $100,000 distribution, surviving...

Suppose a client is separating from his employer and has a 401(K) worth $1,000,000. Of this amount $250,000 is employer...

Is it correct to say that one can take a lump sum distribution (to take advantage of NUA) in one...

Client DOB 6/6/1942, date of death 5/7/2014 so he was over age 71 and died just short of his age...

You or your client has several retirement accounts. Can you take the required minimum distribution (RMD) from just one account? The answer is maybe. Let’s start with what you cannot do. You cannot take the RMD for one type of account from a different type of account.

We have a client who passed away this year at the age of 51. He left behind an IRA valued...