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To Whom This May Concern, I just spoke with Glenda at Ed Slotts firm. After reading his book titled “The...

Can you believe it? We're now 7 full months into 2012 already. And while there's more fun in the sun to be had before summer comes to an end, August has traditionally signaled the start of the back to school season. With that in mind, we thought we'd spend a little time talking about the educational expense exception to the 10% penalty.

I just retired last month after working since 1968 and in the military two years before that. I’m a big...

Client dies after 70 1/2 (80) and has not yet satisfied his 2012 RMD yet- spouse is primary beneficiary and...

Over the past several years, as the U.S. economy has been struggling, more employees have turned to their company 401(k) plans for a quick source of cash by taking loans from their plan balance. Many 401(k)s offer a loan feature, in fact some plans make it so easy for employees to get a loan that they offer a 401(k) loan debit card!

Ed Slott, America's IRA Expert, details the importance of having a current beneficiary form and describes how missing this key point can be costly for your intended retirement account beneficiaries. This IRAtv video goes through naming beneficiaries, using trusts as beneficiaries and lessons to learn to avoid costly mistakes and keep retirement plans updated.

I have a 65 year old client, still working for another 2 years, that can do in-service rollovers. She does...

Clients oftentimes name their minor children as contingent beneficiary for their retirement plans. If a minor child is specifically named...

I have a situation where an adult child passed away with his 84 year old parents as beneficiaries. There were...

In a recent case, a non-spouse beneficiary learned that an inherited IRA is taxable and is not treated as a tax-free “inheritance.” He received a total distribution from his deceased Mom’s IRA and thought that the IRA was an inheritance and not taxable. Accordingly, he never even filed a tax return to show the withdrawal. He was wrong on both points and had to pay the back taxes plus IRS penalties for not filing his return.