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Child has earned income but uses the income for bills. Can parent make the Roth deposit for child from parent’s...

I saved a draft of my intended reply to a posted topic since it was incomplete. How do I access...

An advisor I work with has a client who has an $500,000 IRA and $3,300,000 vested balance in his former...

IRAs, IRAs, IRAs. We have a full plate (leftovers from Thanksgiving) of IRA questions in this week's Mailbag. These questions touch on topics such as SEP IRAs, inherited IRAs and naming the trust as the beneficiary of IRAs.

Can the bene of an IRA liquidate the balance in the year of death and have the taxes paid by...

IRS has released guidance on the conversion of 401(k) and 403(b) plan assets to Roth 401(k) or Roth 403(b) accounts in Notice 2010-84. This guidance also applies to governmental 457(b) plans beginning January 1, 2011. Here are the highlights: Plan participants, spouses, and alternate payees who are current or former spouses can do the in-plan Roth conversion.

I have a 74 year old client who will retire Jan 2011 from his main employer with a 401(k) plan....

I made a sizeable Roth conversion in 2010. When is the Federal and NJ State tax due on this? Included...

The holiday season is a time for checklists. The good news is you don't have to make this list, but make sure to check it twice. Ed Slott created this year-end IRA checklist just for ALL OF OUR LOYAL READERS. You can read about many of the often-overlooked year-end items that could lead to a retirement savings windfall. Guard the money you have worked and saved for this holiday season.

Below is an real life scenario. My understanding is the IRS law prohibits an IRA rollover to a qualified plan...