QCD – Tell Your CPA About It
Did you or your client do a QCD (Qualified Charitable Distribution) last year? Make sure the tax preparer knows about it.
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Age 70 ½ Confusion for Retirement Accounts
Required minimum distributions (RMDs) must begin from most of your retirement accounts at age 70 ½. But it is not as easy as just looking at when you are 70 ½.
Obstacles with IRA Contributions and RMDs: This weeks Q&A
This week's Slott Report Mailbag looks into spousal contributions, IRAs, the IRS guidelines, and RMDs.
An IRA Beneficiary Quiz. Can You Pass this Exam?
Most people think it is easy to leave an IRA to their heirs. But is it? The following is a quick quiz. How many of these beneficiary questions can you get correct? The answers are at the end of the quiz.
What Happens When Beneficiaries do Not Split the Inherited IRA?
Generally, the goal when naming IRA beneficiaries is that they will stretch out their distributions on the inherited IRA for as long as possible. The tax code and regulations currently support this goal by stating that the stretch option is the default option. But, of course, there are certain rules that must be followed. The IRA agreement must allow for a stretch option. As unbelievable as it may seem, there are still IRA custodians that do not offer a stretch option to beneficiaries.
Imperative Q&A’s involving Transfers, Rollovers, and Beneficiaries
This week's Slott Report Mailbag looks into indirect and direct transfers, 60-day rollovers, trusts as a beneficiary, and 403(b)'s.
HSAs Are NOT the Answer to America’s Health Insurance Problems
In my opinion, expanding the availability of HSAs to more Americans is not going to solve the problem of providing health insurance to all Americans. Here is why I believe that statement.
What’s New and How Does it Impact You? Retirement Plan Contribution Limits for 2017.
There were few changes to the retirement contribution limits for 2017. IRA and Roth IRA limits remain the same. The maximum an individual with earned income can contribute is $5,500 split any way they want between traditional and Roth IRAs. An individual age 50 or older during the year can contribute an additional $1,000 for a total contribution of $6,500.
When You’re 70 1/2 Avoid These Disastrous Mistakes
This week's Slott Report Mailbag looks into RMDs, Roth IRAs, and "still working" provisions.
QCD Complications, Inherited IRAs Overseas and More
This week's Slott Report Mailbag looks into complications with QCDs, inherited IRAs overseas, and annuity distributions.
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