New IRA Aggregation Rule When Doing a Rollover in an RMD Year
If you have multiple traditional IRAs and want to do a 60-day rollover (or Roth conversion) in a year when a required minimum distribution (RMD) is due, the IRS has a surprise for you.
SEP
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.
SIMPLE IRA RMDS AND IRS LIFE EXPECTANCY TABLES: TODAY’S SLOTT REPORT MAILBAG
Question:Does a SIMPLE IRA owner who is over age 73 and still works for the same company that sponsors the SIMPLE IRA plan have to take an RMD (required minimum distribution)? He does not own any of the company.
Participation in Multiple Work Plans – It Can Be Done!
It is perfectly acceptable for a person to participate in multiple work plans in the same year (even at the same time). For example, a 401(k) and a SEP. Or maybe a 401(k) and another 401(k). However, care must be taken to follow IRS contribution limits and other guidelines. Unfortunately, people try to circumvent these rules all the time.
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