Site search

The recent discussion of ‘Trust as a IRA Beneficiary’ prompts me to expand the discussion to Life Insurance. I was...

If someone names their Revocable Living Trust as IRA Beneficiary (not preferred, I know) and it is the standard RLT...

Hello, I realize that the law now allows for in-service distributions (in this case a rollover distribution to an IRA)...

Have client who passed away (no husband) and left all to her sister. One of the investments was an annuity....

You inherited an IRA or a Roth IRA. Since you are not age 70 ½ yet, you did not think you had to take required distributions (RMDs) or maybe your advisor told you that. WRONG!!!A non-spouse beneficiary generally must take his first required distribution in the year after the account owner's death.Here are the rules for a beneficiary that is named on the beneficiary form (or is named through the document default provisions). These rules do NOT apply to beneficiaries who inherit through an estate. They may be the same for a beneficiary who inherits through a trust, but that is a way more complicated situation and you should be working with a knowledgeable advisor to determine how RMDs to the trust will be calculated.We are going to assume that you have set up a properly titled

Can the beneficiary of a 403(b) annuity convert the plan to an Inherited Traditional IRA in the year of death...

I have new client: husband and wife both in 90’s and poor health; may pass away in 2012 or 2013....

This question is from the beneficiaries of their mother’s IRA. The mother died in September 2012. The beneficiaries will set...

1. I’m aware there is certain wording that needs to be in a trust to make sure the trust qualifies...

The Slott Report was designed WAY back in 2010 to educate financial professionals and consumers on the complexities of IRAs, taxes and retirement planning.  We continue that mission each Thursday with our Slott Report Mailbag.  This week we answer your questions on company plan allowances (can you move the money after a certain age?), trusts and beneficiaries and RMDs (required minimum distributions). 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.I have approximately $400,000 in a 401(k) and will soon be 70 ½ years old. Is it possible for me to