Can I Place My IRA in a Trust?
This week's Slott Report Mailbag includes questions about placing an IRA in a trust, what to do with 401(k) funds from a previous employer and the nuts and bolts of the Roth IRA 5-year rules.
IRA Rollover
How to Invest in Gold in Your IRA
Have you seen or read those ads for putting gold in your IRA? They make it sound so easy. And that's the problem. In this article, we discuss the potential pitfalls and how to properly invest in gold with your IRA.
New Rules to Know Before Moving Your IRA
If you are an IRA owner looking for the best investment option, there are new rules in 2015 that you will want to know before moving your IRA. If you make an error in your effort to maximize the return on your IRA, you may end up with your entire IRA being distributed and taxable to you.
How Rolling Over Your 401(k) to an IRA Can Increase Your Tax Bill
Last week, we published a Special Report on the Back-Door Roth IRA. This week, we explore how a simple 401(k)-to-IRA rollover could dramatically change the tax impact of that transaction. Here’s how.
What Are My Options For Naming a Trust as IRA Beneficiary for a Minor Grandchild?
This week's Slott Report Mailbag looks at the logistics of naming a trust as IRA beneficiary for minor children and strikes down a common mistake made by employer plans when dealing with employer plan distributions rolled over to an IRA.
Do You Really Know What a Rollover Is?
Everyone thinks they know what a rollover is, but do they really? A rollover is when you move retirement funds from one account to another. Well, that is partially right. We examine the true definition of a rollover in the employer plan and IRA worlds.
Fox Business Channel: Why Your Retirement Is At Risk
Your retirement is at risk - but it's not necessarily because of the reasons you might think. Ed Slott sat down with Fox Business Channel's Mornings with Maria to discuss why taxes are your retirement's public enemy No. 1. Some financial advisors don't know the ever-changing tax rules, others make IRA rollover mistakes that can wipe out a client's life savings and even others don't know how to deal with inherited IRAs and the pitfalls that can befall beneficiaries.
5 Exceptions to the One-Per-Year 60-Day Rollover Rule
Beginning in 2015, individuals are only allowed to do one 60-day rollover in a year. A 60-day rollover is when a distribution is issued payable to the account owner. They can cash the check or they can spend funds that were deposited into a bank or other type of account. In this article, we asses 5 exceptions to the one-per-year 60-day IRA rollover rule and provide three examples.
Does Each Roth IRA Need Its Own Five-Year Clock?
This week's Slott Report Mailbag answers whether each separate Roth IRA needs its own five-year clock and if you can convert non-deductible Traditional IRA funds to a Roth IRA. Do you know the answers?
Moving Your IRA Funds? Learn These 3 Lessons From Others’ Mistakes
Are you thinking about moving IRA funds? This recent Private Letter Ruling (PLR 201527050) issued by the IRS provides 3 useful lessons so you don't make these same mistakes.
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