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I am 72 years old and retired now. RMD will start next year (2025). I am planning to purchase QLAC...

In the May 8, 2024, Slott Report, we published a “cheat sheet” summarizing the confusing SECURE Act rules for beneficiary IRA (and company plan account) required minimum distributions (RMDs).

A single widow, age 64, with no children has a $500,000 (I’ve rounded it) IRA she inherited from her deceased...

Hello, I hope this email finds you well!  I’m also hoping that you can clarify something for me. The fact...

Hello, I hope this message finds you well!  I’m also hoping that you can clarify something for me. The fact...

Fact Pattern – Taxpayer’s employer plan issued RMD checks in late August, with a note saying that they are not...

The holidays are upon us. There is shopping to do, gifts to wrap, and parties to attend. Amidst the hustle and bustle of the season, you may be forgiven if your retirement account is not at the top of your mind. However, for some retirement account owners and beneficiaries, a very important deadline is looming. December 31 is the deadline to take 2024 required minimum distributions (RMDs) for many individuals.

A client wanted to directly rollover the pre-tax portion of their 401a-pension account into their IRA.  the cost basis amount...

Say someone didn’t withdraw their full RMD in 2022.  The penalty would apply for the amount not taken in 2022,...

Instead of a 401K, client’s new company/employER is having its employees set up SEP IRA accounts so that the company/employER...