Site search

Let's say that your employer's 401(k) plan allows you to take a loan against part of your 401(k) balance (generally the smaller of half of your vested balance or $50,000). You decided to take a loan and you’ve been repaying it by having it taken out of your paycheck. But now, you no longer work for that employer. Perhaps you retired, or voluntarily switched jobs, or maybe you were laid off. We explain how to navigate this scenario.

This week's Slott Report Mailbag looks at IRA beneficiary language and procedures as well as Roth conversions and recharacterizations, a topic we cover heavily in Ed Slott's 2014 Retirement Decisions Guide. Click to read a Q&A with our IRA Technical Expert.

I want to confirm the following may be done for a client – as I believe it may: 1. Client...

My mother left an IRA to a Designated Beneficiary Trust in my name. I am 61 and the trust provides...

My parents have been discussing their estate planning with me and I had a few questions regarding the annuity in...

An 85-year old man owns 2 Vanguard IRA’s–a conversion RIRA and also a TIRA which was derived from contributions and...

When it comes to estate planning, one of the primary goals is to transfer as much of a person's assets to their intended beneficiaries at the lowest cost or, in other words, by paying the least amount of tax. Today, the federal estate tax exemption is $5,340,000 per person. It is also portable (can be transferred) between spouses, giving them a maximum exemption of $10,680,000 per couple and the maximum rate is 40%. That is a far cry from where we’ve been.

When taking out a normal distribution from an IRA after age 59 1/2 do you have to pay state tax...

My mom named a look through trust as the beneficiary of her IRA. After she passed away in 2013, a...

IRS has released its annual list of the “Dirty Dozen” tax scams just in time for you to try and avoid them during their peak tax season. Beware of these scams and check back here for Tax Planning Week through Friday.