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.
contribution
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.
IRA’s with QCDs, RMDs and Tax Contributions
This week's Slott Report Mailbag looks into beneficiary IRA's with specific examples when over or under 70 1/2 years old with QCDs, RMDs as well as pre and post tax contributions.
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