A Wish List for the IRS Beneficiary RMD Final Regulations
After more than two years, we might actually soon be getting answers from the IRS on several important unanswered questions...
Secure Act
The Slott Report Takes on AI
We are surrounded with information – and misinformation. Finding accurate up-to-date facts is increasingly difficult. Do an internet search and...
SECURE Act Regulations and Inherited IRAs: Today’s Slott Report Mailbag
Question: When can we expect final SECURE Act regulations from the IRS? Mike Answer: Hi Mike, No one knows for...
Government Report Highlights Confusion Over 401(k) Distribution Options
A recent government report highlights how confused 401(k) participants are when they have to decide what to do with their...
A Cheat Sheet for IRA Beneficiary RMDs
It’s been over four years since the SECURE Act upended the rules for beneficiary IRA required minimum distributions (RMDs), and there’s still plenty of confusion about the new rules. The IRS did give us proposed SECURE Act regulations in February 2022, but those rules still haven’t been finalized. They have also raised a lot of new questions.
Inherited IRAs and Qualified Charitable Distributions: Today’s Slott Report Mailbag
Question:My brother died in 2020 and made me the beneficiary of an IRA he inherited from my sister who died in 2017. Can I continue to stretch the payments from this inherited IRA? If not, how soon do I have to empty it?
The 10-Year Rule and Inherited IRAs: Today’s Slott Report Mailbag
Question:I have a general question regarding the 10-year time frame for emptying an inherited IRA. Your guidance says that the deadline is the END of the tenth year following death. In this specific situation, the death occurred July 9, 2020, so I believe the deadline is December 31, 2030, the end of the tenth year.
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