Recent Stories From This Author
Tapping an IRA to help fund a business may sound like a good idea, but it can end in disaster if clients aren't careful.
Handling taxes for both Social Security benefits and plan distributions can be confusing. Here's how to help clients.
Even taxpayers with professional help can make significant mistakes. See the three failures that tripped up one taxpayer.
Lawmakers may eventually prevent heirs from cashing out inherited IRAs over their lifetime. But that could actually be good news for both clients and advisors.
IRA expert looks at potential pitfalls when converting an IRA to a Roth IRA and distributions are required.
A new interpretation of the once-per-year rollover rule could spell big trouble for some clients.
Clients with both pre- and after-tax money in their employer plans can allocate distribution to separate retirement accounts.
Investors should beware when the Tax Code says one thing about real estate in an IRA, but the IRA custodian says another.
The U.S. Supreme Court has limited bankruptcy protection for inherited IRAs. Here's how you can continue to take care of clients' hard-earned legacies.
Our IRA expert looks at what happens to required minimum distributions the recipient of an inherited IRA.
Our IRA expert answers questions about the number of recharacterizations allowed, earned income contribution rules and how to purchase annuities without a tax hit.
After a Tax Court decision, a major change in IRS guidance will affect clients with multiple retirement accounts. Here's what advisors need to know.
For a high-income individual taking an unexpected hit, a Roth IRA conversion can be a smart solution.
Our IRA expert answers questions about the IRS's 6% penalty on excess IRA contributions and the five-year clock on Roth IRA fund transfers.
Our IRA expert answers questions on maxing out contributions to 457 and SEP plans and beneficiary arrangements for 403(b) plans and Roth 401(k)s.
After a recent Tax Court ruling involving prohibited transactions inside an IRA, two investors face steep penalties.
My wife and I have just one grandchild from one of our two sons (with no current plans for a second). The other son and wife are trying but no luck yet.
For both Roth conversions and required minimum distribution purposes, be sure that the value placed on your investment is one that would pass IRS scrutiny.
If the funds in a taxable IRA are used to purchase an immediate annuity, what impact does that have on required minimum distributions? IRA expert Ed Slott answer this question and others.
Our IRA expert answers questions on recharacterizations, the withdrawal penalty and the 5-year rule.