Site search

With many Americans living much longer due to advances in medicine, some seniors have asked whether Medicaid can take their IRA to pay for nursing home care, should they require it at some point. The answer to that question is complicated and should be addressed by an elder-care planner. Some general information follows.

If a person who dies at age 50 and owns a TIRA, can the non-spouse inherited TIRA beneficiares wait until...

If someone has a TIRA and dies at age 50, will the non-spouse inherited beneficiaries be able to let the...

For Valentine’s Day many of us gave or received tokens of love such as flowers, candy, jewelry, or a nice dinner in a restaurant. But now Valentine’s Day is over (much to Hallmark's chagrin). That makes this a good time to think about our beneficiaries. How much do we love them? Do you love your beneficiaries enough to take the time to check up on your beneficiary forms for your retirement accounts? You really should consider doing this because there are plenty of "un-loving" consequences if you don't.

Let me explain what I have done and then ask my questions. In 2010 I converted my IRA to a...

I was 70 in 12/2012. My RBD is April 1, 2014. However, I understand that if I do not take...

My sister died in 2011. I was the beneficiary of her Thrift Saving Plan (TSP) Account, and requested that the...

This week's Slott Report Mailbag includes questions about where to put your IRA money, RMD requirements, and excess IRA contributions. Click to read a Q&A with our IRA Technical Expert.

My mother and father both died in 2012. Mom died first, and she had not taken out her 2012 RMD....

President Barack Obama delivered his State of the Union address to the American people last night. With that in mind, we want to take a look at some of the questions that arise when the State of your Union changes. What changes are there to your IRA when you get married? What would happen to your IRA if you got divorced? We explore these questions and more in a short Q-and-A below.