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MORE ON THE ROTH CATCH-UP CONTRIBUTIONS DELAY
September 11, 2023By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport The August 28, 2023 Slott Report summarized IRS Notice 2023-62, where the IRS [...]
THE 10-YEAR RULE AND 529 PLANS: TODAY'S SLOTT REPORT MAILBAG
September 7, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport Question: My name is Bruce. I am 65 years old, and I [...]
RULES FOR INHERITED IRAS THAT MAY SURPRISE NONSPOUSE BENEFICIARIES
September 6, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport Many IRA assets will ultimately go to nonspouse [...]
IRA BENEFICIARY PAYOUT RULES – THE MADNESS CONTINUES
August 30, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport The lunacy of IRA beneficiary payout rules continues to boggle[...]
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport Last Friday afternoon (August 25, 2023), the IRS gave employer plans two more [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport QUESTION: Hello! I recently came across one of your articles and [...]
3-YEAR STATUTE OF LIMITATIONS – MISSED RMDS
August 21, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport When an IRA or retirement plan owner reaches a particular age, that [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport Question: I am struggling to find an answer to my [...]
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport If you are subject to required minimum distributions (RMDs) and have annuitized [...]
RMD RELIEF? NO THANK YOU!
August 14, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport The IRS unleashed massive confusion last year. To the [...]
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport Question: I’m age 76. My brother died in December 2022 at 84. Do I take [...]
ANOMALIES AND EXCEPTIONS
August 9, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport As already-complicated IRA rules spiral further into an abyss of [...]
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport If you’re facing the unpleasant prospect of paying college bills for [...]
INHERITED IRAS AND RMDS: TODAY'S SLOTT REPORT MAILBAG
August 3, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: Greetings, If I have the beneficiaries on my IRA[...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Are you thinking of naming a child or [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport There is no doubt we have written about this topic in [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I inherited an IRA in 2022 upon the [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Is your child or grandchild working hard this [...]
Q&AS ON RECENT IRS RMD RELIEF
July 25, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport On July 17, we reported that the IRS had issued required minimum [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Hi, I have a question regarding solo 401(k)s. Does a solo [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport We say in our training manuals that “the SECURE Act [...]
IRS EXCUSES MISSED 2023 RMDS WITHIN THE 10-YEAR PAYMENT PERIOD AND PROVIDES 60-DAY ROLLOVER RELIEF
July 17, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport If you’re an IRA beneficiary subject to the 10-year payout [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport QUESTION: Dear Mr. Slott, I have a client who, [...]
5 WAYS EXCESS IRA CONTRIBUTIONS HAPPEN
July 12, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport You can have too much of a good thing. [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Oftentimes with these articles, I compare certain retirement [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I believe we are all waiting for the [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport In her June 28, 2023 Slott Report post, Sarah Brenner discussed several [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: Ed Slott and Team, I am 73 and a [...]
WHY YOU SHOULD ROLL OVER YOUR RETIREMENT FUNDS TO AN IRA
June 28, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport If you are like most American workers, you will [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport When an IRA owner dies, we look to the beneficiary form [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Hello, I am involved with a traditional non-spouse [...]
THE TWO TYPES OF 457(B) PLANS
June 21, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Some of you are aware that there are two types of section 457(b) [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport June is Pride Month. While celebrating, same-sex [...]
NUA AND SILVER IN YOUR IRA: TODAY'S SLOTT REPORT MAILBAG
June 15, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: I have a large amount of stock from a [...]
IF THE IRS ASK QUESTIONS, CAN YOUR ACTIONS BE JUSTIFIED?
June 14, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport A couple of years ago I was asked what the tax consequences are [...]
FIVE QDRO Q&AS
June 12, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Although the U.S. divorce rate is in a steady decline, it’s still one of[...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I inherited an IRA from my brother [...]
SPOUSAL ROLLOVERS
June 7, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Probably the biggest advantage that a spouse [...]
ALAR – THE “AT LEAST AS RAPIDLY” RULE
June 5, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport For deaths in 2020 or later, we know that a non-eligible [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: If a 76-year-old is working full time and has a SIMPLE IRA [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport It looks like IRA owners will probably have to wait awhile to take advantage[...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: In 2021, my wife inherited an IRA from her sister [...]
POISON IVY: IRA SCENARIOS TO AVOID
May 24, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport I got into some poison ivy and am suffering the consequences. It[...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport The “once-per-year” rollover rule is one of those IRA rules that has [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: Hello and thank you for all the [...]
HSA BENEFITS THAT MAY SURPRISE YOU
May 17, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport You have likely heard of Health Savings [...]
INHERITED ROTH IRA: RMDS OR NO?
May 15, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport QUESTION: Do required minimum distributions (RMDs) apply to [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Hello, Are you required to take out RMDs (required minimum [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport One of the more controversial provisions of the new SECURE 2.0 law[...]
CONVERSION AS A GIFT TO YOUR BENEFICIARIES
May 8, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Do you have an IRA you are thinking about [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: Am I correct to assume if I leave my Roth IRA to my 2[...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport This past week the Ed Slott team hosted another successful [...]
HOW THE RETIREMENT PLAN COMPENSATION LIMIT WORKS
May 1, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport It’s certainly not a bad problem to have. But employees with very high [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: Greetings, There seems to be a lot[...]
THE 5-YEAR RULE FOR CONVERTED ROTH IRA FUNDS
April 26, 2023By Sarah Brenner, JD Director of Retirement Education If you recently converted your traditional IRA to a Roth IRA and you under 59 ½, you will[...]
5 REASONS WHY YOU SHOULD NOT OPEN A ROTH IRA
April 24, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport In my April 12 Slott Report entry (“5 Reasons to Open a Roth [...]
QUALIFIED CHARITABLE DISTRIBUTIONS AND SPOUSAL IRA CONTRIBUTIONS: TODAY’S SLOTT REPORT MAILBAG
April 20, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Can I make a qualified charitable distribution (QCD) from my [...]
DO SPOUSES HAVE ANY RIGHTS TO RETIREMENT PLAN ACCOUNTS?
April 19, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport One important way that IRAs differ from company retirement plans is with [...]
ROTH IRA VS. ROTH 401(K)
April 17, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport More 401(k) plans are starting to offer Roth [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: Both of my parents passed away last year. My mother [...]
5 REASONS TO OPEN A ROTH IRA IMMEDIATELY!
April 12, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Time is running out! The tax filing deadline is Tuesday, April [...]
IRS SIGNALS THAT IT WILL STILL WAIVE MISSED RMD PENALTIES
April 10, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Despite the reduction in the penalty for missing required minimum [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I have been told that QCDs are not [...]
5 HSA RULES YOU NEED TO KNOW
April 5, 2023Health Savings Accounts (HSAs) are rapidly growing in both size and in number. These accounts offer deductible contributions and tax-free [...]
Higher education expenses can be steep. Fortunately for those under the age of 59 ½ who need to dip into retirement savings to cover these costs, [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: In a recent blog post, you said that the deadline for [...]
VESTING IN COMPANY PLANS AND NEW IRS FORFEITURE RULES
March 29, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport When you leave your job and aren’t fully vested in your company plan [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport The Federal Deposit Insurance Corporation (FDIC) has [...]
3 TIPS FOR MAKING YOUR 2022 IRA CONTRIBUTION
March 24, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Tax season is in full swing. That means that the [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: My daughter had two employers during [...]
BLOODY MARY AND A 401(K)
March 22, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Spring break. Warm breezes and ocean waves and fancy cocktails [...]
CAN I REACH MY 401(K) FUNDS WHILE STILL WORKING?
March 20, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport We continue to get questions about the ability of employees to withdraw [...]
By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: Hi, I’m looking forward to the [...]
3 TIPS FOR MAKING YOUR 2022 IRA CONTRIBUTION
March 15, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Tax season is in full swing. That means that the [...]
THE INTERNET SAID SO
March 13, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport People on TikTok create investment advice videos? And I’m [...]
INHERITED IRA 10-YEAR RULE AND DISABLED CHILD AS ELIGIBLE DESIGNATED BENEFICIARY: TODAY’S SLOTT REPORT
March 9, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Hello, I have an inherited IRA which falls under the [...]
SECURE 2.0 GLITCHES AND UNANSWERED QUESTIONS
March 8, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Considering that it made 92 new IRA and retirement plan changes and is 357[...]
NAMING A MINOR AS YOUR IRA BENEFICIARY
March 6, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport If you want to leave your IRA to an adult, you [...]
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: Can an Education Savings Account (ESA) be rolled [...]
RBD - PROACTIVE SALLY AND OBLIVIOUS JERRY
March 1, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Last week the Ed Slott team hosted another highly successful and[...]
SECURE 2.0 ALLOWS RETROACTIVE SOLO 401(K) PLANS WITH ELECTIVE DEFERRALS
February 27, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport The new SECURE 2.0 law fixes a glitch that has made it difficult for new [...]
RMDS AND EMPLOYER PLAN CONTRIBUTIONS: TODAY'S SLOTT REPORT MAILBAG
February 23, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I am interested in your [...]
SECURE 2.0 ELIMINATES PENALTY ON NIA
February 22, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport SECURE 2.0 is a mammoth piece of legislation that [...]
EDBS HAVE A CHOICE: STRETCH VS. 10-YEAR
February 20, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport By now, most are aware the SECURE Act created a new class of [...]
By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: Hi, Thank you for all the helpful insight on [...]
HOW THE IRS CONTRIBUTION LIMITS WORK WHEN YOU’RE IN TWO PLANS
February 15, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport How much can you contribute when you’re in two different retirement [...]
5 THINGS TO KNOW WHEN MAKING A 2022 ROTH IRA CONTRIBUTION
February 13, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Tax season is upon us. This is the time when you [...]
INHERITED IRAS AND ROTH CONVERSIONS: TODAY'S SLOTT REPORT MAILBAG
February 9, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport QUESTION: I just inherited my spouse’s inherited IRA (he got [...]
AGE 50 EXCEPTION QUESTION
February 8, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport When IRA or retirement plan assets are withdrawn prior to age 59[...]
SECURE 2.0 ALLOWS ROTH EMPLOYER CONTRIBUTIONS IN 401(K) PLANS
February 6, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Up to now, employer contributions to 401(k) (and other plans) had to be [...]
Question: If I did a Roth conversion in 2022, do I have to wait 5 years before I can touch the amount $16,500 (the amount I converted) penalty [...]
SECURE 2.0 MODIFIES RULES FOR SPECIAL NEEDS TRUSTS
February 1, 2023By Sarah Brenner, JD IRA Analyst Follow Us on Twitter: @theslottreport The SECURE Act changed the game for inherited IRAs. For most beneficiaries,[...]
IRA RMD AGE MADE EASY
January 30, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport A ton of questions on this topic have come across our desks, and[...]
LIFETIME AND INHERITED IRA RMD RULES: TODAY’S SLOTT REPORT MAILBAG
January 26, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport Question: If a person turned 72 in 2022, and died before starting her [...]
SECURE 2.0 CHANGES ALREADY IN EFFECT
January 26, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport The SECURE 2.0 Act, enacted into law on December 29, 2022, makes over 90 [...]
ROTH-O-MANIA!
January 26, 2023By Sarah Brenner, JD IRA Analyst Follow Us on Twitter: @theslottreport SECURE 2.0 is now the law of the land and one thing is very clear. [...]
529 PLANS AND ROTH IRAS: TODAY'S SLOTT REPORT MAILBAG
January 19, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Question: Hello Ed, I have a question concerning Secure [...]
SECURE 2.0 ELIMINATES RMDS ON ROTH PLAN DOLLARS IN 2024
January 18, 2023By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport If a person has a Traditional IRA and is of the age when [...]
SECURE 2.0 ALLOWS ROLLOVERS OF 529 FUNDS TO ROTH IRAS
January 16, 2023By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport We’re getting a lot of questions about the SECURE 2.0 provision allowing [...]
QCDS AND 60-DAY ROLLOVERS: TODAY'S SLOTT REPORT MAILBAG
January 12, 2023By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Question: I am confused regarding the [...]
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