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Hi I inherited a TIAA after tax annuity from my father in 2022. TIAA is dispering the payments over my...

Year after year, many of the same IRA errors happen again and again. Based on the volume of times these mistakes occur, it seems appropriate to create a short list of repeat offenders…and offer some advice on how to properly move forward. In no particular order, here is a handful of common IRA mistakes, along with the proper corrective measures.

Mary’s husband, Ed died and she inherited his Roth several years ago before tax law changes and was taking RMD’s...

Mary’s husband, Ed died and she inherited his Roth several years ago before tax law changes and was taking RMD’s...

We have covered in The Slott Report the new SECURE 2.0 provision that allows unused 529 plan funds to be rolled over to Roth IRAs. It originally appeared that this new rule was to be effective for 2024. However, the IRS has now said that rollovers done before April 15, 2024 can count as Roth IRA contributions for tax year 2023 if the 529 beneficiary has not already maxed out on his 2023 IRA contribution limit.

Hello, I am completing my taxes using H&R BLock tax software and I had done a Backdoor Roth Conversion during...

BRING INFORMATIVE, ENTERTAINING & ACTIONABLE TAX EDUCATION TO YOUR DONORS WHY BOOK ED SLOTT ATTRACT & INSPIRE DONORS WITH INDUSTRY-LEADING...

40 year old plans to rollover $60,000 traditional 401(k) to a new Roth IRA. 20% to be withheld for taxes....

Question: Hi Can we contribute backdoor Roth IRA money to my husband’s Roth IRA since I have existing traditional IRA accounts, but my husband has none? Thank you very much for answering my questions. Pinan

I have a client that is self employed and files a schedule C. Her CPA showed drafts of her 2023...