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We converted several IRA clients to Roth IRAs at 12/31, some who had holdings from several years back. Our custodian...

I have a client who took a rollover from his IRA to pay some expenses. Within 60 days, the money...

If you did a Roth conversion in 2010, you will need to file Form 8606 with your 2010 tax return. There is no escaping this unless you do a total recharacterization of your Roth conversion. Click to read more about Form 8606.

I have been contributing to both Traditional or Roth IRA’s over the past several years all in compliance with the...

A 10% early withdrawal penalty applies to taxable funds withdrawn from a traditional IRA before the account owner attains age 59 ½ unless an exception applies. The same penalty (with its own set of exceptions) also applies on distributions made from most employer-sponsored retirement plans, unless the payment is due to the participant’s separation from service in a year in which he or she attains age 55 or older. Click to read about two tax traps that will trip up an unsuspecting consumer and trigger the 10% penalty.

Employee rolled over his full 401(k) plan into his IRA in 2011 but will retire in 2011. If so he...

I would appreciate some clarification. If a distribution was made in November 2010 from a rollover IRA directly to a...

I have multiple IRA types: Pre tax Traditional IRA After Tax Traditional IRA Pre Tax Rollover IRA from a previous...

I understand that the tuition for Private schools for High School was to expire after 2012, but with the changes...

Re: Wall street journal article on 1-7-2011 IRS: No Charitable IRA do-over Question: Client took 2010 RMD in December, 2010...