Site search

This week's Slott Report Mailbag talks about how (if at all) the new tax law affected Roth conversion planning, as well as a look at Roth IRA rollover rules and the ways you can withdrawal 401(k) money early without penalty (can you do that?).

In the 2012 publication 590 on page 37, left hand side near the top, there is a section with the...

OK…I received a tremendous amount of help on my last series of questions about the conversion and recharacterization process. I...

Whether you won or lost on Super Bowl Sunday, your gambling wager has tax and IRA planning consequences. Super Bowl XLVII was held in New Orleans this past Sunday. After San Francisco played a “lights out” second half after the lights went out, the Baltimore Ravens held on to win the game 34–31. Although Baltimore won the game and got to raise the coveted Vince Lombardi trophy, it wasn't the only winner this past weekend. In fact, millions of Americans became winners themselves as a result of legal and illegal gambling.

Last August/12 we rolled over our matured Traditional IRA’s to the high interest rate CD’s FDIC insured by Standard Chartered...

As I noted in another post (https://irahelp.com/forum-post/18860-recharacterize-or-distribute-and-re-contribute), I soon plan to recharacterize a series of 2012 Roth IRA contributions to...

As we gather our information to prepare our federal income tax return for 2012, don't forget about that Roth IRA conversion you did all of the way back in 2010. A conversion you did from a company plan or IRA to a Roth IRA in 2010 will likely need to be reported on your 2010 tax return.

When rolling over the after tax portion of a 401-k to a Roth IRA, how is the earnings on those...

My husband has in his Suffolk Community College retirement account three separate sub-accounts. The RA is money deposited by the...

If you took a withdrawal from any IRA or employer plan last year, you will get a copy of IRS Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. very soon. The IRA custodian or employer plan was required to send you a copy of Form 1099-R by January 31, 2013 for any 2012 retirement plan distributions you took.