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Client came on board in 2023 after her husband died (after a few years of being ill).  Husband should have...

If you exceeded the 2023 limit for 401(k) deferrals, time is of the essence to correct the error. If you don’t act quickly, the tax consequences can be serious. The maximum amount of pre-tax and Roth contributions you could make for 2023 was $22,500 (plus $7,500 more if you were least age 50).

Is this allowed? The maximum gift contribution in 2024 is $18k per person. Lets say you have 2 kids and...

I turn 73 later this year and was planning on taking RMD before that date or possible half before and...

Overhauling Overpayments

• Changing Times
• Cases in Point
• Overpayment Waiver Criteria
• Smaller Comfort
• Better Safe than Sorry
• Receipt of Other Types of Benefits
• Other Status Changes
• Restoring Faith

Executive Summary

Advisor Mailbag

GUEST EXPERT:
Brad Pistole RICP®,

Dear Mr. Slott, I wish to make my RFT the beneficiary of my Roth, which has a boatload of money....

The example and answer below is from a prior inquiry I made to this forum in late April of ’23. ...

Question: I have a general question regarding the 10-year time frame for emptying an inherited IRA. Your guidance says that the deadline is the END of the tenth year following death. In this specific situation, the death occurred July 9, 2020, so I believe the deadline is December 31, 2030, the end of the tenth year.

I’m hoping to get some clarification on what RMD table a surviving spouse would use when she is named as...

Markets continue to climb. That is good news for your retirement account. However, there is a downside. When you contribute to a traditional IRA or a pre-tax 401(k), you make a deal with Uncle Sam.