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In Private Letter Ruling (PLR) 201425023, released by IRS on June 20, 2014, the IRS ruled that a surviving spouse who received IRA proceeds through a trust, which was the beneficiary of her deceased husband’s IRA, could not roll over the IRA funds she received because more than 60 days had passed since she received the funds. The IRS denied her request for more time to do the rollover because she didn’t provide sufficient proof of financial institution error. More importantly, the PLR is a good example of what not to do when a trust is the beneficiary of an IRA.

Currently I am receiving RMDs annually from my (indexed mutual fund) IRA, which pays dividends quarterly. My thinking is that...

I moved overseas 10 years ago and blithely continued to contribute the maximum amount of after-tax earnings to my Roth...

Richard has an IRA and has named his wife Diane as the beneficiary. Richard dies unexpectedly at age 52. Diane is 50. What should she do with Richard’s IRA?This is a case when the spouse should probably remain a beneficiary of the IRA. Here's why.

This week's Slott Report Mailbag discusses IRA basis and the ever-popular question about Roth IRA and IRA distributions' tax status. As always, we stress the importance of working with a competent, educated financial advisor to keep your retirement nest egg safe and secure. Click to read this week's Q&A with our IRA Technical Expert.

I am the families financial advisor. Background 1. Traditional IRA owner (father) died past his RBD. Date of Death was...

In response to my post last week on the IRS announcement of final regulations for Qualifying Longevity Annuity Contracts (QLACs), a number of Slott Report readers inquired about their availability. Here’s what some of them had to say...

You want to make a contribution to a Roth IRA for 2014. As long as you’re working and have compensation (earned income) you can potentially make a Roth IRA contribution of up to $5,500 if you’re under age 50 or $6,500 if you’re age 50 or older this year.

Can a married IRA owner name his-her adult child as primary beneficiary of his-her traditional IRA and avoid estate (and...

Assume 1) our income is too high for a deductible IRA, 2) past capital gains in the account would make...