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Good Afternoon Does a non-spouse beneficiary have diferent options if the T-IRA was invested in an annuity (i.e. lump sum,...

In late 2009 IRS started a project on rollovers as business start-ups (ROBS). This is a strategy that has been heavily marketed by several companies and targets individuals that want to finance business ventures using their retirement funds. They are directed to establish a self-directed IRA, a corporation, and a 401(k) plan for the corporation. The plan allows participants to roll in IRA funds.

This is a follow on to the thread from before…but here is the sequence: 1.) Convert $1mm from TIRA to...

Feb 2013 rolled entire pretax TIRA into employers 401K account. TIRA account balance is zero. March 2013 make $6,000 after...

We are going back to basics in this week's Slott Report Mailbag with questions revolving around the foundation of IRA planning. Converting and accessing funds and avoiding penalties are the fundamental keys you and your financial team grapple with each day.

We had a prospect come into the office last week that read one of Ed’s books and has been doing...

Life events happen. Marriage is one of those major life events that make you focus on not just the present, but the future. Ed Slott and Company IRA Technical Consultant Jeffrey Levine got married this past Sunday then sat down to talk about how you can name a non-spouse beneficiary of your retirement account.

An interesting question came up recently that went something like this… Mom died with two IRAs. She had two children, who we will call Deborah and Edward. The beneficiary of one of her IRAs was her children, 50% each. The beneficiary of the other IRA was a trust for the benefit of her children. Each child was a 50% beneficiary of the trust. Click to read more about this complicated scenario.

I am over 65. If I convert e.g. $1mm from a traditional IRA to a Roth and pay full income...

Help. The large broker that hold my company 401k is unable to answer this question. I turn 59.5 this year...