In this week's Slott Report Mailbag, we answer questions on IRA rollovers with pre-tax and after-tax money, 401(k) plans without a beneficiary, and if an IRA and deferred annuity can be grouped together for RMD purposes.
Do I have an RMD from my Employer Plan? For most people this is an easy question. If you are no longer working for that employer and are 70 ½ or older this year, yes, you have a required minimum distribution (RMD) from your employer plan. What if you are over 70 ½ and still working? Do you have to take an RMD from your employer plan? Maybe.
In this week's Slott Report Mailbag, we answer questions on if money from a QDRO can be directly rolled over into the other spouse's 401(k), the RMD requirements for inherited Roth IRAs, and if the 5-year rule for distributions applies to IRA beneficiaries.
We are down to the last two months of the year. It is time for those who have required minimum distributions (RMDs) from a retirement plan to make sure that those distributions are taken. Following is a list of those who have required distributions for the year.
This week's Slott Report Mailbag examines some key IRA questions, especially as we creep ever closer to year-end. What is the magical end date to make a 2014 Roth conversion? Can I take the total of my RMDs (required minimum distributions) from one IRA? And finally, we touch on a key planning point involving inherited IRAs and trusts.
Can you mix your IRA and personal funds? Sometimes companies offer their investment products on sale. You might get a small cash bonus, a higher interest rate, or cash back if you invest today or by the end of the month when the offer ends. You might want this investment in your IRA because the investment, or the deal, is just that good. But here’s the problem. You can’t get your IRA funds out of your current investment into this new one that’s on sale before the sale ends. What are you going to do?
In this week's Slott Report Mailbag, we answer questions on if you can cover your employer plan RMD (required minimum distribution) with an IRA distribution, the rules governing 401(k)-to-IRA rollovers and the logistics of setting up your IRA for three beneficiaries.
October 15 was a major deadline in the IRA world. Now that the date has passed, IRA trust owners and beneficiaries need to be aware of the very important October 31 deadline. In this article, we examine the "who, what, when and why" of this IRA trust cutoff.
The "I" in IRA stands for individual. There are many things you can do with your IRA - and we cover them at length in this space. However, there are also many things you CAN'T do with the account. Here's a list of five.
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