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Money in an Employer Plan & Eligible for a Distribution: Should You Stay or Should You Go?

Monday, August 06, 2018
As you accumulate money in an employer retirement plan, somewhere along the line you are going to be faced with one question: should I leave it in the plan or roll it out? For many, that question doesn’t arise until they separate from service or reach age 59 ½. Employees that participate in plans with in-service distributions before age 59 ½ will ask that question much sooner.
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The Pro-Rata Formula and Inherited IRAs

Monday, July 30, 2018
Do you have after-tax dollars in your IRA? This could be from making nondeductible contributions to your IRA or rolling over after-tax funds from your company plan to your IRA. If so, you will want to know about the pro-rata rule.
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Roth Conversions and QCDs: Today’s Q&A Mailbag

Thursday, July 26, 2018
Question:My wife and I could not open Roth IRA accounts in the past because our combined household earned income was always above the allowable exclusion limits. I recently retired in June of 2017 at the age of 63 and my wife being 10 years younger will continue to work presumably for the next 10 years.
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Close Isn’t Good Enough Under the Tax Code

Wednesday, July 25, 2018
There’s an old saying that being close only counts in horseshoes and hand grenades. Such is the case with the U.S. Tax Code. In this arena, deadlines and timing really matter. Trying to do a 60-day rollover 61 days after the actual receipt of withdrawn funds doesn’t work.
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Can You Contribute to a Roth IRA?

Wednesday, July 18, 2018
Contributing to a Roth IRA is generally considered to be a good idea. But not everyone is eligible to make an annual contribution. We have seen several cases recently of individuals who contributed for many years until they discovered they were not eligible to make any Roth contributions. Here is what you need to know.
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Can You Lose an IRA to Medicaid?

Monday, July 16, 2018
As Americans live longer, more are eventually coming to need long-term nursing home care. The cost of this can be devastating to a family. Nursing home care now costs an average of over $85,000 per year, and much more than that in some parts of the country.
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