Recent Stories From This Author
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.
A Supreme Court ruling highlights the problems that may ensue when an ex-spouse remains a beneficiary for death benefits.
Our IRA expert answers questions on using severance pay as an after-tax contribution to a 401(k), non-cash required minimum distributions and after-tax 401(k) rollovers.
Your IRA Expert answers a number of questions about required minimum distributions including why you shouldn't wait and what happens if you do.
The administration's budget seeks 6 major changes related to IRAs and 401(k)s.
Changes require advisors to adjust strategies for using net unrealized appreciation for lump-sum distributions.
Ed Slott, Your IRA Expert, answers questions on when to convert a traditional IRA to a Roth and what happens when the 60-day rollover period has passed.
Ed Slott, Your IRA Expert, answers the question: Can non-spouse beneficiaries of an employer-sponsored 403(b) TSA plan convert inherited TSA funds to inherited Roth IRAs?
Your IRA Expert answers questions about a potential new cap on IRAs and how to reduce the tax bill of a self-employed person taking distributions from a 401(K).
Ed Slott, Your IRA Expert, examines several questions surrounging Roth IRA and tax implications.
Your IRA Expert answers the question of how the executor of a will can pay off debt with an inherited IRA.
Changes for in-plan conversions are buried deep in the fiscal cliff tax deal. Here's how they may affect your clients.