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A husband and wife are divorcing. The husband has a large IRA. The wife has no remaining IRA. The husband’s...

Grandfather who was 85 passed away in 2022 and was taking his RMDs. He left his son who was 55...

I was told by a Slott Newsletter reader that an IRA owner who has already taken their full RMD for...

I recently left my job with a 401K. I have three positions in the 401K: (1) Cash, (2) Mutual Funds,...

Question: My sister inherited an IRA from our mother (age 95 and died in 2019.) My sister took her RMDs (required minimum distributions) from this inherited account over her life expectancy. My sister died in 2021, leaving me as her beneficiary of this inherited IRA. My sister had already taken her 2021 RMD before her death. Not knowing, I took an RMD in 2022 by just dividing her 12/31/21 value by 10. Now I am uncertain what to do for my RMD in 2023. What schedule do I use now for the RMD in 2023? Also, does the account need to be depleted by the end of 2031 or 2032?

I’ve made a mistake in regards to my backdoor Roth and don’t know how to correct the problem. I had...

If you are charitably inclined and have an IRA, you might want to consider doing a Qualified Charitable Distribution (QCD) for 2023. The deadline for a 2023 QCD is fast approaching. It is December 31, 2023, but many custodians have even earlier cutoffs. Don’t miss out on this valuable tax break. Here is what you need to know.

How to report an incorrect 1099-R Box 7 Code S, caused by a SIMPLE IRA custodian not accepting proof of...

HELPING AMERICANS KEEP MORE OF THEIR HARD-EARNED MONEY As the nation’s leading source of accurate, timely IRA expertise and analysis,...

BRING INFORMATIVE, ENTERTAINING & ACTIONABLE TAX EDUCATION TO YOUR ADVISORS WHY BOOK ED SLOTT  ATTRACT & TRAIN ADVISORS TO DELIVER...