Site search

You can transfer the taxable portion of an IRA to a 401(k) and keep the cost basis in the IRA....

While many of us know that you can convert an IRA to a Roth IRA, a process that’s not as well understood is a Roth 401(k) conversion. If you participate in a 401(k) at work, you can convert your existing plan assets to a Roth account inside the 401(k) plan. This option is known as an “in-plan conversion.” But check with your employer first because although the law allows an in-plan conversion, your plan may not have this option.

I am maxing out my 401(k) or I am contributing to a 401(k), can I also make an IRA contribution? We get asked that question a lot. Find the answer below.

This week's Slott Report Mailbag includes an answer to a question on those rules, as well as an inquiry on spousal beneficiary rules and the differences between an IRAs and fixed annuities. Click to read a Q&A with our IRA Technical Expert.

I have a client that converted $15000 from a T-IRA to a Roth in Sept of 2011. He is 48....

Good Afternoon I am hoping for guidance on the following fact pattern: FACTS: 401(k)participant recv’d two checks (made payable to...

Good Afternoon I am hoping for guidance on the following fact pattern: FACTS: 401(k)participant recv’d two checks (made payable to...

“How is my annuity going to be taxed?” It’s a question that's asked frequently, but one that can have several different answers. That's because an annuity can be taxed differently depending on the type of annuity you are receiving distributions from, as well as the type of the account it's in.

A recent court case highlights how risky it is when a married couple attempts to use a post-nuptial agreement when trying to waive spousal benefits to an employer retirement plan. In the case of Mid-American Pension v. Michael Cox, the court ruled that a surviving wife’s promise to waive her rights to her husband’s 401(k) funds by signing a post-nuptial agreement was invalid because the agreement wasn’t drafted correctly.

The Kay Bailey Hutchison Spousal IRA: what a mouthful! We now have this thanks to a bill that was signed into law on July 25, 2013 that renamed the section of the tax code that specifies the spousal IRA contribution limit. Learn more about this type of IRA below.