Site search

A client has a 401k balance of $1 million. Included in this $1 million balance is an after-tax contribution balance...

Question: Dear Ed Slott and America’s IRA Experts, I have a rollover traditional IRA that was set up when I left my last job. I am no longer employed, so I don’t have any earned income. My husband works full time, and our filing status is married filing jointly.

I recharacterized an $8000 2023 Roth contribution into a nondeductible traditional IRA contribution in early January 2024. The recharacterized contribution...

One important provision of the 2022 SECURE 2.0 law is the requirement that most new 401(k) and 403(b) plans must institute automatic enrollment. This rule is effective for plan years beginning after December 31, 2024. A “plan year” is the plan’s 12-month fiscal year and is usually January 1 – December 31. So, many new plans became subject to automatic enrollment on January 1, 2025. On January 9, 2025, the IRS issued proposed regulations on this rule.

My situation that I am trying to navigate myself . 2017 returned filed with extension on 10/15/28 when we found...

Situation: Timing of inheriting Deceased Spouses IRA Spouse passed in 2019. Surviving spouse left IRA as is until 2025. This...

Hi.  Client A passed away in 2022, left his IRA to Client B, not his spouse, who was only six...

Hello- Scenario. A parent is the owner of a 529 plan for their daughter, then the parent decides to change...

We have a client (turns 43 in 2025) who inherited an IRA from her spouse. Her spouse passed away in...

Hello, I have a client who passed away in 2024 at age 81. The 2024 RMD was satisfied. The account...