required minimum distribution

The MOST Important Piece of Information IRA Beneficiaries Must Know

Are you named as a beneficiary on an IRA? It probably is not your intention to have a large portion of that inherited IRA go to taxes. How can you avoid this unfortunate outcome and maximize your IRA tax advantages? What is the most important thing you need to know as an IRA beneficiary?

Who Has an RMD for This Year?

The year-end required minimum distribution (RMD) questions are starting to come in. This one came in from an advisor. Melissa and her spouse Gary both turned age 70 this year. Melissa’s birthday is in May and Gary’s is in September. Who has an RMD for this year?

What Will Happen To the Stretch IRA?

This week's Slott Report Mailbag answers questions on the tax "sweet spot" in retirement, the tax and penalty impact on a non-spouse beneficiary's inherited Roth IRA distributions and the future of the stretch IRA.

IRA Trustee Must Know Answers to These 15 Questions

In most cases, an IRA owner who names a trust as the beneficiary of their IRA names either the spouse or a child as the trustee of the trust. This may not be the best option, especially if they cannot answer the following 15 questions.

What Distribution Options Do I Have With My Inherited IRA?

This week's Slott Report Mailbag picked up on the "gold in IRAs" trend captured in two of our recent blog articles. We answer Bill's questions on selling the gold from his IRA then we move into questions on the Roth IRA 5-year rule and distribution options for inherited IRAs.

5 Most Common Questions About Owning Gold Within an IRA

It’s been a roller coaster of a few weeks for many investors, and anytime that’s the case, the subject of owning gold always seems to come up. With that in mind, today we share answers to five of the most common questions asked regarding to owning gold within an IRA.

10 Things You Must Know About a Recharacterization

October will be here before you know it. I know this because I have already seen Halloween candy in the grocery store. October 15 is the deadline for doing a Roth recharacterization. Here is what you need to know.

10 Facts You Need to Know About Required Minimum Distributions

If you have an IRA and you are approaching retirement age, or if you are already in retirement, you are most likely familiar with the term “required minimum distribution (RMD).” But do you know how the rules work and what they mean for you as an IRA owner? Here are 10 facts about RMDs that every IRA owner should know.

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