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IRAs are not only different, but the rules governing them can be difficult. The Slott Report Mailbag is here to wade through the intricate details and help consumers make the right choices for their retirement plans, and steer them to able, educated financial advisors who can help them fill in the blanks. This week we received questions on the once-per-year rollover rule, buying a building with your IRA, and what qualifies has a hardship distribution.

What we know: • Husband died 12 yrs ago at age 58 with a 401k, would have turned 70.5 this...

I have a client who recently passed away at age 76 and left his IRA to his 4 children as...

I’m looking for confirmation of a rule I heard recently. If an employee can take in-service distributions of prior after...

Good Afternoon, I understand that a SIMPLE plan sponsor can lower the match to as little as 1% in 2...

When you open a new IRA, certain forms and paperwork must be filled out. Failure to do so can result in large IRS penalties and other harsh tax consequences as a recent court case showed. We explain the details of the case below.

You have a Roth 401(k), 403(b), 457(b) or federal government Roth TSP. You have left your job and want to move those funds to a Roth IRA. What 5-year rule applies to the rolled over funds? The answer follows.

While planning to transfer a traditional IRA (all pre-tax) to a R/O IRA created from a 401k I thought was...

Our 89-year old client died August 2012. Her IRA named her revocable living trust as the beneficiary of her IRA....

A client is setting up a 72(t) distribution schedule – substantially equal periodic payments that will be exempt from the 10% early distribution penalty. Her first distribution won't be made until September and she would like to take monthly payments. But she also wants the full distribution for the first year, not just four payments. Can she do this? We answer this question below.