Recharacterization Still Exists
When a traditional IRA owner wants to convert all or a portion of his account to a Roth IRA, he needs to think long and hard about the transaction. For example, some questions to consider:
Roth
Roth IRAs and Successor Beneficiaries: Today’s Slott Report Mailbag
QUESTION:I have been getting emails from a few sites pitching their subscriptions. They claim that Roth IRAs will all be taxable in the future. They say there are things you can do to avoid these taxes, but to find out what they are you have to subscribe to their newsletter. Is this true, and if so, how can one avoid taxes for Roth IRAs?
Roth 401(k) Dollars Are No Longer Subject to RMDs
If you have both pre-tax and Roth accounts in a 401(k) (or a 403(b) or governmental 457(b)) and are subject to required minimum distributions (RMDs), be aware of new rule changes made in the 2022 SECURE 2.0 law. The rules were clarified in the IRS RMD final regulations, which came out on July 18.
INHERITED ROTH IRAs AND NUA: TODAY’S SLOTT REPORT MALBAG
Question:Thank you for all of the wonderful information. I have a question as to how the July 18, 2024 final regulations impact inherited Roth IRAs. My daughters inherited Roths from their grandmother 3 years ago. She was age 101.
Roth IRA Distributions and Self-Directed IRAs: Today’s Slott Report Mailbag
Question:I have a question about the Roth IRA distribution ordering rules based on a client's situation:1. The client is 45 years old.2. She has had a Roth IRA open for five plus years.
Five Things to Know About Roth 401(k)s
A recent survey found that over 80% of 401(k) plans now offer employees the option of making Roth 401(k) employee contributions. More and more employees are now taking advantage of that opportunity. (In this article, I use the term “Roth 401(k) contributions” to also include Roth employees made to 403(b) and municipal 457(b) plans.)
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