The Slott Report

If you have an IRA and you are approaching retirement age, you have probably heard the term “required minimum distribution”...

QUESTION: I attended the Mid-Year IRA Planning Opportunities 2024 Webinar on May 14th. I missed the reasons for not naming...

By Andy Ives, CFP®, AIF®IRA AnalystFollow Us on X: @theslottreport We have written about this subject in the past (December 2023), but...

By Ian Berger, JDIRA AnalystFollow Us on X: @theslottreport In a famous “Seinfeld” episode, George Costanza, unemployed, living with his parents...

By Sarah Brenner, JDDirector of Retirement EducationFollow Us on X: @theslottreport Question: I need guidance on a new client with the...

By Sarah Brenner, JDDirector of Retirement EducationFollow Us on X: @theslottreport What do you get when community property mixes with your...

Ed Slott's Elite IRA Advisor Group℠ gathered in Indianapolis last week for another successful conference. Over 350 member advisors from across the country spent two intense days of training, covering topics ranging from SECURE 2.0 provisions taking effect in 2024 to fixing excess contributions.

By Ian Berger, JDIRA AnalystFollow Us on X: @theslottreport Question: Can a QCD (qualified charitable distribution) be made from a 401(k)...

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.

If you are at retirement age, you might be at a high risk for excess contributions due to rollover mistakes. This is because of the rule that says that the required minimum distribution (RMD) for the year cannot be rolled over. In fact, the RMD for the IRA must be taken before any of the funds in the IRA are eligible for rollover.