Video: Year-End Retirement Planning Strategies
Ed Slott and Company IRA Technical Consultant Jeffrey Levine talks about very popular and important year-end retirement planning strategies in this video.
Jeff Levine
What 2012 IRA, Tax, Social Security Changes Mean For YOU
Social Security and Supplementary Security Income (SSI) beneficiaries are receiving a cost of living adjustment (COLA) in 2012, the first time this has happened in several years. While this may sound like a good thing, it’s actually a “mixed bag” for a couple of reasons.
See-Through Trust Deadline Right Around The Corner
October 17th is not the only important date this month for retirement account owners. This past Monday was a date circled on the calendar of many of you. For most of you, that was the final deadline to complete a timely Roth recharacterization of a 2010 Roth IRA conversion (the deadline is now October 31st for certain individuals affected by Hurricanes Irene and Lee, or the wildfires in Texas). Click to read more about why October 31st is also a key deadline to be aware of.
Self-Directed IRAs and Fraud Promoters
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.
IRAs and Different State Provisions (2 of 3)
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.
3 Things You Need to Know About Roth Recharacterizations
Click to read 3 things you need to know about Roth recharacterizations.
Non-Sensical IRA and Roth IRA Items (Part 3 of 3)
I think we can all accept that the Tax Code is confusing. After all, it has to provide the rules for an extraordinarily vast array of circumstances. Sometimes though, the Code goes beyond merely confusing and borders on the bizarre. “Why would Congress do that?” you might ask yourself… and you’re not alone. While there are more than just a handful of bizarre items in the Tax Code, we’ve chosen to highlight three of them that relate directly to IRAs.
Nonsensical IRA and Roth IRA Items (Part 2 of 3)
I think we can all accept that the Tax Code is confusing. After all, it has to provide the rules for an extraordinarily vast array of circumstances. Sometimes though, the Code goes beyond merely confusing and borders on the bizarre. “Why would Congress do that?” you might ask yourself… and you’re not alone. While there are more than just a handful of bizarre items in the Tax Code, we’ve chosen to highlight three of them that relate directly to IRAs.
Post-Death IRA Distribution Rules
There is often a lot of confusion when it comes to the post-death IRA distribution rules. Frequently, beneficiaries and/or their advisors believe they are subject to what is called the 5-year rule – meaning they have to empty the inherited account within 5 years after the date of death - when in fact, they may actually have much longer to do so.
Can YOU Borrow from YOUR IRA?
The big issue in the news these days is how to resolve the "debt ceiling" issue. In essence, our legislators are just trying to figure out how much of a loan, as a nation, we can take. As the events of the recent past have taught us, borrowing can be a dangerous game, but when it comes to IRAs, borrowing can be more than just dangerous. It can be a fatal error that can decimate a lifetime of savings.
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