401K after-tax contributions
Hello, A client decided to roll his 401K into a Traditional IRA. We received a check from the plan for...
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Transfer of assets between TIRA accounts
Hello, I just read about a “New Rule” from the IRS in my recent copy of the AAII Journal, regarding...
Read moreThe Importance of Taking RMDs on Time with Taxes, Penalties Looming
There are several ways you can end up with a missed required distribution and a pile of penalties and tax-time confusion. We detail each of them below.
Read moreRoth Dollars — 401k
I know this is not an IRA specific question, but can any one assist with my scenario? I am 50...
Read moreEd Slott Analyzes EBRI Study: Roth IRAs Growing TWICE as Fast as Traditional IRAs
In lieu of today's Slott Report Mailbag, we wanted to share an important study from EBRI on IRAs and Roth IRAs. Ed Slott was contacted and extensively interviewed on the report's findings. Below, we will break down the important numbers as well as Ed's detailed analysis on what it all means in the retirement planning landscape.
Read moreafter 60 days
A client took out $60k from an IRA and didn’t get it back w/in the 60 day period. Her accountant...
Read moreUse the Right Value for IRA Annuity RMDs and Conversions
IRA valuation is critical when determining your required minimum distributions (RMDs), which are based on the prior year-end fair market value (FMV) of IRA assets. It is also critical for Roth conversions, because the resulting tax bill is based on the FMV of your IRA assets on the date of your conversion. Valuing certain deferred annuities owned inside your IRA can be tricky, though. We explain in more detail below.
Read moreRoth IRA Conversion Week: Social Analysis and Final Thoughts
Our Roth Conversion Week detailed many facets of the Roth conversion conversation ("Is a Roth conversion right for me?"), the advantages and disadvantages of conversions into Roth IRAs and Roth 401(k)s and finally, the Top 10 Roth conversion mistakes you should avoid.
Read moreEarly Roth Withdrawal
Roth account has balance of $34,000. Originally opened in 1998. Owner, under 59, wants to withdraw the total account balance....
Read moreThe Top 10 Roth Conversion Mistakes
We end Roth Conversion Week with a list you never want to be on. Roth conversions are powerful, tax-free retirement vehicles if handled correctly, but if a mistake is made, you may owe a good portion of your hard-earned savings to taxes and penalties. Here's a list of the Top 10 Roth IRA (and conversion) mistakes you must avoid.
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