IRA BLOG
“Third-party posts from Ed Slott’s IRA Blog:”
COMBINING INHERITED IRAS AND THEIR RMDS
By Beverly DeVeny IRA Analyst IRA owners can clearly combine the accounts they own and they can combine the required minimum distributions (RMDs) from multiple IRAs and take them...
SIMPLE INHERITED IRA SCREW-UP RESULTS IN A $9,000 TAX BILL
By Jeremy T. Rodriguez, JD IRA Analyst Legal training is less about memorization and more about understanding how to break down complex problems. With that mind, I often suggest...
ROTH CONTRIBUTIONS & CALCULATING RMDS: TODAY’S SLOTT REPORT MAILBAG
By Jeremy T. Rodriguez, JD IRA Analyst Question: Hi, I am an advisor and attended the Instant IRA Success workshop in 2017 and found it really useful in my practice. I have a...
WHY IRA BENEFICIARIES SHOULD NAME THEIR OWN BENEFICIARIES
By Beverly DeVeny IRA Analyst I just had a call from an advisor with a “complicated” scenario. “Ralph” died and left his IRA to his spouse “Alice.” Ralph was 62 in the year he...
USING THE MEDICAL EXPENSE EXCEPTION TO THE 10% EARLY DISTRIBUTION PENALTY
By Jeremy T. Rodriguez, JD IRA Analyst Generally, taking distributions from an IRA or qualified plan before retirement age should be a last resort. Of course, life has its...
USING THE MEDICAL EXPENSE EXCEPTION TO THE 10% EARLY DISTRIBUTION PENALTY
By Jeremy T. Rodriguez, JD IRA Analyst Generally, taking distributions from an IRA or qualified plan before retirement age should be a last resort. Of course, life has its...
IRA ROLLOVERS AND PAYING FOR COLLEGE WITH A 401(K): TODAY’S SLOTT REPORT MAILBAG
By Sarah Brenner, JD IRA Analyst Question: Hi Ed: I have been reading you for more than 20 years – thank you for all your contributions to our industry. I have a client (about to...
IRA ROLLOVERS AND PAYING FOR COLLEGE WITH A 401(K): TODAY’S SLOTT REPORT MAILBAG
By Sarah Brenner, JD IRA Analyst Question: Hi Ed: I have been reading you for more than 20 years – thank you for all your contributions to our industry. I have a client (about to...
IRS EXTENDS RETIREMENT ACCOUNT DEADLINES FOR VICTIMS OF HURRICANE FLORENCE
By Sarah Brenner, JD IRA Analyst The news has been filled with reports of the flooding and damage in North Carolina in the wake of Hurricane Florence. As the cleanup continues,...
IRS UPDATES THE SPECIAL TAX NOTICE (ROLLOVER NOTICE) FOR QUALIFIED PLANS
By Jeremy T. Rodriguez, JD IRA Analyst Qualified plans are required to provide participants with a number of notices and information. There’s the Summary Plan Description, the...