Site search

Assume an IRA is $100k with $30k of basis. Want to rollover $70k pretax money to company 401(K) and then...

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.

The unofficial end of summer comes with the Labor Day weekend...where did time go? Time does in fact fly, which makes planning for your future today more important. After all, tomorrow will be here before we know it. This week's Slott Report Mailbag includes questions (and our answers) on the Roth IRA 5-year rules and the best ways to leave an inheritance to younger beneficiaries.

When a Roth IRA owner dies, the money belongs to the beneficiary. Although Roth IRA owners never have to take minimum distributions during their lifetime, the beneficiary must take distributions after the Roth IRA owner dies. Roth IRA beneficiaries have the same after-death stretch opportunity as if they inherited a traditional IRA. There are two options for you as the beneficiary of a Roth IRA, which we explain below.

Good Afternoon I am looking for guidance with the following fact pattern: Traditional IRA account owner, 65 passes away in...

Have 3 Primary Beneficiaries (All Daughters) where their father passed away 7-1-2011. There are 2 qualified annuities with 2 different...

Below is an IRA tip from a recent Forbes article and a response from his current advisor. I would like...

Almost all IRA owners will name a primary beneficiary of their IRA; usually some person who will receive your IRA assets after you die, such as your wife or husband or children. Virtually all IRA custodians will also allow you to name a contingent beneficiary.

Like many Advisors, I take a comprehensive/relationship approach with my clients. Many clients have significant IRA/401K assets and have stated...

I have a client whose deceased husband was over age 70 1/2 and had previously taken RMDs as required from...