Site search

Now that April 15, 2013 has passed, and the anxiety of filing our 2012 tax returns is over for most of us, some of you may be wondering if it’s possible to make an IRA contribution for 2012. The answer generally is no, but there are some exceptions. We explain these exceptions below.

The administrator of a 401k plan inadvertently sent a duplicate payment in March 2013 for a 2012 required minimum distribution...

A client referred their brother to us with the following challenge. His is 58 years old and needed additional monthly...

Can you roll non-deductiable(after tax)IRA contributions to a ROTH IRA and/or it is subject to income caps ?

An advisor called recently with this scenario. A 20-something beneficiary, let’s call her Corey, had just inherited several retirement accounts from her 50-something father. Corey was the named beneficiary on each account. Would you have known how to handle each one of them?

I have a client that contributed both before and after tax to his 401k at Old company. He rolled his...

Client made 2012 Non-deductible IRA contribution after return already completed for 2012. Intention is to do Roth conversion for this...

This week's Slott Report Mailbag includes questions about the rules involved intended yearly contribution dates (is it when the check was postmarked or when the custodian received it?) and the backdoor Roth IRA conversion.

With just 5 days left in the 2013 tax season, you might be scrambling to prepare your tax returns at the last minute, but as you go to reach for that 1040, here’s the question… which one? Yes, believe it or not, there are actually many different 1040 options available to you. Which one you should use depends on a number of factors, such as your filing status, your residency/citizenship status, the credits and deductions you’re eligible to claim and even how much taxable income you have!

  Beverly DeVeny, Director of Retirement Education Beverly DeVeny is an IRA distribution expert and the Director of Retirement Education...