beverly deveny Archives - Page 17 of 41 - Ed Slott and Company, LLC

What You Should Do If You Find Out You Weren’t Eligible to Make That 2015 Roth Contribution

Thursday, July 23, 2015

This week's Slott Report Mailbag answers a few inquisitive readers on what to do if you just found out you aren't eligible to make a Roth conversion or contribution in a given year and if you can name a trust as an IRA beneficiary.

5 Exceptions to the One-Per-Year 60-Day Rollover Rule

Tuesday, July 21, 2015

Beginning in 2015, individuals are only allowed to do one 60-day rollover in a year. A 60-day rollover is when a distribution is issued payable to the account owner. They can cash the check or they can spend funds that were deposited into a bank or other type of account. In this article, we asses 5 exceptions to the one-per-year 60-day IRA rollover rule and provide three examples.

Does Each Roth IRA Need Its Own Five-Year Clock?

Thursday, July 16, 2015

This week's Slott Report Mailbag answers whether each separate Roth IRA needs its own five-year clock and if you can convert non-deductible Traditional IRA funds to a Roth IRA. Do you know the answers?

Dealing with Foreign Persons and Retirement Accounts in Global Economy

Wednesday, July 15, 2015

Can you name someone who lives in a foreign country as a beneficiary of your IRA? What happens when a non-citizen owns or inherits an IRA? We answer these frequently asked questions as the global economy continues to grow.

Should I Make Non-Deductible Contributions to an IRA or Roth IRA?

Thursday, July 09, 2015

This week's Slott Report Mailbag looks at how the qualified reservist distribution works and answers a question on whether to make non-deductible contributions to a Traditional IRA or Roth IRA.

How You Should Split an IRA After Death

Tuesday, July 07, 2015

Elroy was a well-intentioned beneficiary who received bad advice. We detail Elroy's plight as IRA beneficiary, his loss in tax court and how you can avoid a similar fate when setting up an inherited IRA and splitting it after death.

Am I Eligible to Make a Roth IRA Contribution?

Thursday, July 02, 2015

This week's Slott Report Mailbag examines Roth IRA contribution eligibility and how to avoid RMDs (required minimum distributions) by rolling a Roth employer plan to a Roth IRA.

Are There Age Requirements To Do a Roth Conversion?

Tuesday, June 30, 2015

This is a frequently asked question, and the answer is very straightforward, but it also starts the Roth conversion conversation no matter your age. Beverly DeVeny provides more technical tidbits you should know about the process.

Do I Have to Take RMDs From Every Account That I Have?

Friday, June 26, 2015

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, examines if you have to take RMDs (required minimum distributions) from every account you have and answers if your traditional IRA is tax deductible.

Give The Graduate a Gift of a Roth IRA

Tuesday, June 23, 2015

Still don’t know what to give the graduate in your life? If they have earned income for the year, give them a gift of a Roth IRA. Here's how to start the process.

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