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Here is my situation: Currently age 58, DOB April 1954. I have about $600K in Pre-tax and $15K in after-tax...

Medicare will be a difficult challenge to the winner of this year's Presidential election. The number of Medicare recipients will be increasing as millions of baby boomers retire, and costs have increased as medical care has become much more expensive. Most experts agree that Medicare is unsustainable without raising taxes and/or reducing spending.

I was 70 in Sept. of 2012 (Morton) My wife will be 70 in march of 2013 (Marilyn) We have...

An important deadline is fast approaching. This October 31st deadline applies to trusts that are beneficiaries of retirement assets of individuals who died last year. A trust beneficiary cannot use stretch distributions from inherited retirement assets unless the trust meets four qualifications explained below.

Father passed away and left large sum to daughter who is 20. It was 560k a. inherited ira (is under...

Hi, Does anyone know if there is regulation of when and how a retirement plan provider must perform a requested...

IRS announced 2013 pension plan and IRA contribution limits and other retirement-related items on Thursday. Included in the release below are 2013 retirement plan contribution limits and AGI (adjusted gross income) phase-out ranges for Roth IRA contributions and Traditional IRA deductions. We will dissect these numbers in the weeks to come, but for now, here is the official release in full from IRS.------WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the

This week's Slott Report Mailbag shows that retirement planning involving IRAs can be complicated, and consumers just like you are confused about the rules and concerned they are making fatal, penalty-induced errors.  As always, we stress the importance of working with a competent, educated financial advisor to keep your retirement nest egg safe and secure. Find one in your area at this link.1.Dear Mr. Slott,I am and have been an avid follower of your programs on public television and have purchased your books as well as CD/DVDs. I respect your opinion very much and badly need your help. I have been disabled since 2008 due to an aortic dissection and will be turning 65 in December 2012.

Did you see that debate last night? No matter what side of the aisle you happen to sit on - or even if you sit in the aisle itself - you have to admit that was a far more spirited and contentious debate than the last one. It seemed like President Obama and Governor Romney argued about everything. Not to mention there were a couple of times that I actually thought they were going to come to fisticuffs. With so much not to agree on, I began to wonder, is there anything they can agree on? So here's my take on 5 IRA items even President Obama and Governor Romney would have to agree on.This article is just a

Monday October 15, 2012 was the deadline to recharacterize an IRA contribution for 2011. Now that we are past that date, is it possible to get an extension for time to do a recharacterization? Probably not.When you recharacterize, you essentially change your IRA contribution from one type of IRA to another. In most cases, a recharacterization involves reversing a Roth IRA conversion. Some or all of the conversion can be recharacterized with its net income attributable (gains or losses). A recharacterization can be done for any reason but certain rules must be followed. For example, both