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This week's Slott Report Mailbag looks into two tricky areas of IRA planning. The first is how IRA distributions affect an individual's income, and in turn, their susceptibility to the 3.8% health care surtax. We then answered a question about the equally problematic Roth IRA 5-year rules.

My client has confirmed with her current employer’s human resource department that she may withdrawal from her current 401(k) plan...

Hello, I’m 68, I work and have a 401K plan. My wife is 67 and she is a housewife. I...

a. If a client gifts stock to either his daughter or granddaughter, and they then sell it, do they go...

I know that you can roll pre tax IRA amounts into a 401(k) if the plan so allows. The after...

I have a client that has just severed employment, and has a 401k to rollover. He has $50,000 in after...

Husband died 12 yrs ago. Spouse has been taking RMD for years using single life tables as a bene. Can...

If you have an IRA, you have access to your money at any time and for any reason (unless the IRA custodian has limits on your access). Unlike an employer retirement plan, such as a 401(k) or pension plan, you don’t have to ask anyone if you can take money out of your IRA to pay some bills. Your IRA is completely under your control, and no one can stop you from taking a distribution. But there are risks when you use your IRA funds for personal expenses during the 60-day rollover period.

You are under age 59 ½ and need funds from your IRA to live on. You set up an early distribution payment plan that will be exempt from the 10% early distribution penalty (called 72(t), SOSEPP, or SEPP payments). You now want to move that account from your current IRA custodian to a new one. Can you do that? Click to find out.

There is a lady that is trying to complete a rollover that has to be there in 60 days. Can...