Ed Slott

Ed Slott, a certified public accountant, is a financial expert specializing in retirement planning, IRAs and tax issues. He created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group. Twitter: @theslottreport

Ed Slott
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Quirks in required minimum distributions this year
RETIREMENT IRA ALERT MAR 16, 2021
Quirks in required minimum distributions this year

Here’s one 2021 oddity: It's impossible for anyone to have a required beginning date in 2021!

What clients won’t see on this year’s 1099-R form
RETIREMENT IRA ALERT FEB 03, 2021
What clients won’t see on this year’s 1099-R form

Be ready to help worried clients (and their accountants), who will be calling you about 'mistakes' on their 1099-Rs regarding distributions from their IRAs. What they'll be calling about won’t be what’s on their form, but rather what’s not on there.

January is the new December for charitable contributions
RETIREMENT IRA ALERT JAN 07, 2021
January is the new December for charitable contributions

Qualified charitable contributions can help offset the tax bill from required minimum distributions — but only with the right timing

Bob Dylan's tax planning could be tangled up in ... green?
RETIREMENT IRA ALERT DEC 08, 2020
Bob Dylan's tax planning could be tangled up in ... green?

The Nobel Prize-winning musician may have sold his song collection, but 'Don’t Think Twice, It’s Alright,' because it’s a good year-end tax strategy

Last call for coronavirus-related distributions
RETIREMENT IRA ALERT NOV 30, 2020
Last call for coronavirus-related distributions

CRDs are only available until year-end, so advisers should contact any clients who may still benefit from taking a distribution before the option expires

3 mistakes new IRA beneficiaries are making
RETIREMENT IRA ALERT OCT 29, 2020
3 mistakes new IRA beneficiaries are making

Stretch IRA or 10-year rule? Advisers need to explain to clients which set of tax rules applies

What's the deal with Trump's taxes?
RETIREMENT IRA ALERT SEP 30, 2020
What's the deal with Trump's taxes?

Everyone wants to pay less in taxes, and financial advisers can help clients do that, legally

RMD return relief is over
RETIREMENT IRA ALERT SEP 08, 2020
RMD return relief is over

Here are the rules on IRA rollovers that apply now that the Aug. 31 deadline for using the IRS relief has passed

RMD relief is here — but only until Aug. 31
RETIREMENT IRA ALERT JUL 31, 2020
RMD relief is here — but only until Aug. 31

Act now to return unneeded required minimum distributions taken prior to the CARES Act

IRS provides expanded tax breaks for coronavirus-related distributions
RETIREMENT IRA ALERT JUN 22, 2020
IRS provides expanded tax breaks for coronavirus-related distributions

The guidance allows more people to withdraw funds penalty-free from their retirement savings