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My husband & I both have IRA accounts. Husband age 71    IRA balance $1,000,000 Wife age 67    ...

Hello, Background: We have a client who just reached RMD age (turned 73 in 2024) and prefers that his future...

We have a client who decided to do back-door Roth’s on their own. The problem is they funded the Roth’s...

‘Tis the season for identifying and correcting excess IRA contributions. It seems as if every other recent inquiry is about this subject. To keep readers on the straight and narrow, here are ten details about excess IRA contributions and the correction process…

Question: Hi, My last remaining parent, my mother, passed away in May 2017, and my younger brother and I inherited her IRA (equally split into inherited IRA accounts). We were of the understanding we could handle required minimum distributions (RMDs) via the “stretch IRA” method (RMDs spread out over our expected lifetime). The new laws that went into place in 2020 and 2022 have us wondering if we must change what we are doing. Can you please help us with this question?

Handouts Course Manual Are you ready to take the next step and join Ed Slott’s Elite IRA Advisor Group? Learn...

We have a client who finalized their divorce in February 2023.  During the marriage, each was the primary beneficiary to...

You might be thinking about contributing to a Roth IRA. One big hurdle to making these contributions is the fact that there are income limits that make high income individuals ineligible. For 2024, the phase out range for eligibility for Roth IRA contribution is between $230,000 - $240,000 for those who are married filing jointly and between $146,000 - $161,000 for single filers.

After establishing back door IRA HOW LONG YOU HAVE TO WAIT BEFORE CONVERTING TO ROTH? For tax purpose are other...

Clients each contributed $13,000 to their IRA’s early in 2023, $6,500 for 2022 and $6,500 for 2023, and then immediately...