The Slott Report

Ed Slott’s 5 Biggest Retirement Mistakes (VIDEO)

The 5 biggest retirement mistakes - miscues that can cost those saving for and nearing retirement - have nothing to do with investing! I sat down with TheStreet.com to discuss what I believe are the five biggest retirement mistakes people make with their retirement accounts.

When Can I Take Money Out of My Roth IRA?

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, delves into more common IRA questions. Can you put your future retirement home in your IRA? Can you make an IRA contribution for a deceased person in their year of death? When can you take money out of your Roth IRA? We have the answers below.

3 Essential Questions to Ask When Preparing a Power of Attorney for an IRA

Giving another person the ability to make significant financial decisions and/or take actions on your behalf is not an easy thing to do. That said, various situations may arise where you no longer want to, or are able to, manage your own finances. In such cases, you want to make sure someone else can act on your behalf. We lay out 3 questions to ask when preparing a power of attorney for an IRA.

Avoid This Trap When Using a Roth IRA to Pay For College

Paying for college is challenging enough. Paying for college while saving for retirement can be nearly impossible. There is only so much money to go around. Roth IRAs can be a great way to bridge the gap between paying for college and saving for your own retirement. But be careful to avoid this trap that could cost you in lost financial aid dollars.

Can I Claim IRA Fees as a Tax Deduction?

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, answers questions on claiming IRA fees as a tax deduction and whether or not you should have a separate Roth IRA for every conversion.

Do I HAVE to Take Distributions From My Traditional IRA?

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, includes questions on some key IRA principles - taking IRA distributions, handling an inherited IRA as a non-spouse beneficiary and navigating required minimum distributions (RMDs).

3 Rules You Must Know About the 3.8% Surtax

The rules governing the 3.8% surtax are incredibly complicated, and it is unlikely that you will ever need to know more than a handful of them. If you have an IRA or other retirement account, that handful of rules likely includes one or more of the three discussed in this article.