Can I Invest My Roth IRA Funds in an Annuity?
This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, looks at lump sum distribution rules for pension plans and the possibility of investing Roth IRA funds in an annuity.
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Homer and Marge Simpson – Divorced? What Happens to Homer’s 401(k)?
This rumor of Marge and Homer Simpson's divorce made the rounds late last week. It was quickly countered. They are supposedly separating for only one episode. But how would a separation or a divorce affect Homer’s retirement assets?
What Happens If I Break the 72(t) Payment Plan?
This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, examines the 72(t) process and answers a question on the IRA distribution rules between the ages of 59 ½ and 70 ½.
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.
Long-Time Financial Advisor Makes Rookie IRA Contribution Mistake
A taxpayer was recently given bad advice by his CPA of two decades. In a just released private letter ruling (PLR), "Tom" was given an extension to complete an IRA rollover due to advisor error. Don't make this same mistake.
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.
Finding Benefit Programs and Assistance for People Over Age 55
If you are over age 55 or are trying to find assistance for someone who is, you may not know what questions to ask or where to look for benefit assistance and programs. But there is help. Read on for more information on BenefitsCheckUp.
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).
Who’s Answering the 800 Number? Perhaps a Retirement Education “Specialist”
Who is answering the phone when you call an 800 number with a question about your employer plan? In many cases it is a “retirement education specialist.” I recently saw an ad for this position. Here is what the retirement education specialist is responsible for.
Will My Federal Estate Tax Exemption Transfer to My Spouse?
This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, includes questions on concluding if the "age 55 rule" is applicable and understanding the transfer of the estate tax exemption.
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