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A 42 year old widow with 3 kids in California (community property state) marries a divorced man with two children...

Can an individual, over age 70 1/2, make a ROTH IRA contribution (reflective their spouses’s earned income), provided all other...

FACTS: Roth IRA >5 years Total Roth IRA = $36,500 Contributions = $23,950 Earnings = $12,550 Daughter wants to make...

Can an IRA be given to another individual while the grantor is still alive? Would this be considered a distribution,...

Retirement planning has many nuances, far more than the average investor can adequately negotiate. That is why an educated financial advisor is so important. He or she can help said investor navigate all pitfalls and answer all questions. This week's Slott Report Mailbag looks at some tricky subjects - disclaimers, step transactions, investing options within a Roth. These people didn't have the right answers - but a knowledgeable financial advisor should.

Are there different RMD rules for 401(a) plan participants? This is a plan I am no longer active in but...

There isn't much you can do now, in 2013, to lower your tax liability for 2012. One possible way, however, can not only help you save money on your 2012 taxes, but can also help you plan for retirement. I'm talking, of course, about a deductible IRA contribution. 2012 IRA contributions can be made up until April 15, 2013 and, if you meet certain criteria, you can take a deduction for that contribution, thus reducing your 2012 tax liability. If you haven't made an IRA contribution for 2012 and are wondering if you can make a deductible IRA contribution now to help reduce your 2012 tax bill, follow the questions below to find your answer.

Good Afternoon, Does the the (correction of) an excess IRA contribution require a new 5498, reporting the updated contribution amount?...

Good Afternoon I am looking for guidance with the this fact pattern. Account owner,75,died in 2012. 2012 RMD was taken...

The IRS just released the updated version of Publication 970, Tax Benefits for Education (For use in preparing 2012 Returns). It discusses a relatively unknown savings account called a Coverdell Education Savings Account (known as a CESA or ESA). An ESA is set up to pay the qualified education expenses of a child or student, known as a designated beneficiary.