A final, final word on the Roth recharacterization topic. In an article posted here on October 11, 2011, we mentioned that the deadline for recharacterization in certain areas affected by Hurricanes Irene and Lee and the Texas wildfires had been extended to October 31, 2011. Since then, many readers have asked what states and counties were included in this extended deadline. So, as an accommodation to these folks, we’re providing some additional information.
Self-directed IRAs provide some different investing options, but they come with risks. Jeffrey Levine details the dangers in the video below and provides 5 tips you can use to safeguard yourself against fraud in these cases.
This week's Slott Report Mailbag answers questions about reporting Roth conversion income deferred to 2011 and the process involving annuities, required minimum distributions and IRAs.
October is almost here, and with the turning of the page comes some important IRA deadlines you should add to the calendar.
This week's Slott Report Mailbag includes questions about converting part of an active SEP (Simplified Employee Pension) to a Roth IRA and the recharacterization process as it concerns tax returns.
When many people think about the rules that govern IRAs, they see them as universal rules, applicable to everyone equally in all circumstances. While many rules do, in fact, apply to everyone equally, variations in state law can also create significant differences in how IRAs are treated in different states.
The topic of qualified charitable distributions (QCDs) is one we have written about several times here in The Slott Report, most recently last December. Well, it’s time to write about it again as the legislation that allows QCDs is due to expire at the end of this year, absent an extension enacted by Congress. Thus, if you are or will be age 70 ½ or older by December 31, 2011, you definitely need to be aware of QCDs.
This week at The Slott Report, we will cover several important topics with upcoming deadlines. Below is the schedule of articles, and make sure to view our Instant IRA Success Roundtable Videos posted below and at our YouTube page.
What distributions can you take from an employer-based retirement plan? We get this question all the time and the answer is always the same.
