Site search

If a PARTIAL distribution of $153,893 is made from a total $538,772 IBM 401k, and the entire distribution is converted...

I’m looking at Pub 590 Worksheet 1-5: http://www.irs.gov/publications/p590/ch01.html#en_US_2011_publink1000230849 I have a simple question: how is an IRA-to-401k Rollover of Pre-Tax...

There is a little known provision in the tax code that can provide a huge income tax advantage in the right circumstances. We explain this provision and how it may affect you below.

One of the most effective ways to accumulate a large retirement nest egg is to start young. And no age is too young. In fact, the younger the better. Even a one year-old can make an IRA, or better yet, a Roth IRA, contribution as long as they have earned income – perhaps as a model in a Gerber Baby Food commercial. In reality though, most people don’t start contributing to retirement accounts until much later on in life.

I do not have an existing Roth IRA. However, I am eligible to convert an old 401K (from a previous...

Hello, In 2011, I helped a minister convert his 403B to an IRA after he was laid off. His accountant...

I have a client who rolled over part of a savings investment plan from an auto company into a Traditional...

Last week I said that some taxpayers may be forced to take funds from their Roth IRA to pay the income tax due on a Roth IRA conversion. Yes, you can take money out of your Roth IRA. Generally there is no income tax due on a distribution, but if you are under age 59 ½ you may owe the 10% early distribution penalty. Here’s the way it works.

Assume IRA owner is age 80. Assume spouse is sole beneficiary and is also age 80. Owner dies at age...

Taxpayer has an After-Tax IRA with $20K balance and $39K cost basis (reported on Form 8606), and also a Pre-Tax...