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Key Retirement Planning Dates During 2012 Tax Season
For all Americans, it’s now 2012 tax season. As we gather our information and records to prepare our federal income taxes for 2012, here are some important dates that affect retirement plans.
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State of Massachusetts forced retirement savings
In MA., state employees are forced to participate and contribute to the State’s pension system. Vesting completes after 10 years....
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Frequently Asked Questions
These answers are informational only and are not intended to address all possible situations that might arise with respect to...
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IRA Roundtable: Talking New Tax Laws, Tax Time Planning Strategies
Ed Slott and Company is spending two full days talking about the new tax laws, IRAs, retirement distribution planning and more during our 2-Day IRA Workshop starting tomorrow in Orlando. We took some time in the video below to talk about the new tax laws (American Taxpayer Relief Act of 2012) and key planning strategies and dates clients and their tax team should be aware of when filing their 2012 tax returns.
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401K to 401K transfer after Required Beginning Date
This question relates to a 401K participant age 73 in 2013. The employer is reorganizing/merging with another firm. The existing...
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Another8606 Filing question… (part of previous post missing)
(You won’t get penalized for overpaying your taxes. The IRS could conceivably correct your return and refund the small taxes...
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Reminder From IRS: Don’t Forget Your 2010 Roth Conversion!
IRS recently issued a "friendly" reminder to taxpayers who did Roth conversions back in 2010 and took advantage of the two-year deal to split their conversion income equally between 2011 and 2012. IRS wants to be sure that those taxpayers do not "forget" to include the second half of their conversion on their 2012 tax returns.
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Slott Report Mailbag: Can I Contribute to a Roth IRA?
This week's Slott Report Mailbag includes some of the more popular questions we receive each week. Can I contribute to a Roth IRA? What happens to my deceased parent's required minimum distribution (RMD)? We answer those questions and more in the question-and-answer below.
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Trust RMD’s – Custodian information
Hello, According to Pershing, if a non-individual (including certain trusts) is named as a beneficiary of a retirement account, RMD’s...
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