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An employer retirement plan, such as 401(k) plan may provide for hardship distributions. A hardship distribution must be for an immediate and heavy financial need of the employee, his spouse, or dependent. Hardship distributions are generally taxable and cannot be rolled over to an IRA or other retirement plan. They are also subject to the 10% early distribution penalty (unless an exception applies).

I inadvertently contributed too much money to my 2011 traditional IRA, creating a situation where I have a $1400 non-deductible...

After browsing so many threads, finally I reached the point where I can found information on Men Wear. ——— [url=http://www.businessinfo-direct.co.uk/category/fashion/]fashion...

This week's Slott Report Mailbag includes questions on earned income for IRA contributions, required minimum distributions (RMDs) in the year of death and non-spouse IRA beneficiaries. Click to read a Q&A with our IRA Technical Consultant.

This IRAtv video from Ed Slott is about a recent Wall Street Journal article on the up-and-down value of gold and how you can recharacterize a Roth IRA conversion if the value of your investments go down. Ed breaks down the recharacterization process and uses gold as an example on the Roth recharacterization decision each investor must make with devalued investments.

The end of May brings the Memorial Day holiday and the start of the summer season. It's also the time that you will receive information about your IRA from your financial institution.

Is it possible to set up a HSA ,adding max. funds to it, not touching it (withdrawing money), and after...

I have a client that received and lump sum cash payment (about 2 months ago) from her 403B plan, not...

This week's Slott Report Mailbag includes questions on Roth conversions and contributions, the always-confusing Roth IRA 5-year rules and creditor protection for IRAs. Happy a happy, healthy Memorial Day weekend and thank you to the servicemen and women who risk their lives daily to defend and protect us.

I know this is a subject that has been discussed often but I wanted to try to get some insight...