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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...

IRAs are different, complicated, but in the end, a great avenue for retirement planning. In this week's Slott Report Mailbag, we answer questions on required minimum distribution rules (RMDs), IRA contribution limits and how to take withdrawals if you are a non-designated beneficiary.

AUL (Indianapolis, IN), is apparently scouring their orphaned contracts with the Social Security Data Base and sent a letter to...

Last year at age 51 I rolled a 401k from my previous employer to an IRA. There was $5,000 in...

We have discussed the importance of an IRA beneficiary form at length. You should always know where a copy is for yourself and make sure your financial advisory team has a copy on hand as well. Also, you must make sure the beneficiary form is current to reflect your financial wishes (who is getting what).