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. X: @theslottreport
New tax rules for this year may change the results that you expected
Who qualifies to pull money penalty-free from IRAs and company retirement plans under the relief provided by the CARES Act
People with retirement accounts have seen losses through no fault of their own and they need a helping hand
Advisers need to watch for administrative errors on the part of financial institutions, though
5 reasons why the elimination of the stretch IRA is not the end of the world
In the wake of the SECURE Act, most people who inherit IRAs will be subject to a 10-year rule
Advisers’ top 5 questions on how the new SECURE Act rules will work
Qualified distributions are the holy grail for Roth IRAs, but there is confusion around the time requirements
Qualified distributions are the holy grail for Roth IRAs, but there is confusion around the time requirements.
A mistake on a rollover can cost a client their life savings.
Clients can use traditional IRAs to realize tax benefits related to medical expenses, business losses and charitable contributions.
A $20,000 Roth conversion turns into a $2 million tax disaster, demonstrating why clients need advisers for critical IRA moves.
If Congress eliminates the stretch IRA, advisers will have to rethink IRA trust planning.
IRA funds withdrawn and timely rolled back into the IRA are protected in bankruptcy — no matter what the funds were used for while outside the account.
Advisers can use this information to begin planning for 2019
In some cases, the RMD is the entire IRA balance — or more!
Who is responsible, and what to do now that it's happened.
If the IRA owner's spouse is more than 10 years their junior, the holder can use a different IRS table to calculate RMDs.
Complete rollovers, take care of qualified charitable distributions and be sure all funds related to a lump-sum distribution have been withdrawn.
Complete rollovers, take care of qualified charitable distributions and be sure that all funds related to a lump-sum distribution have been withdrawn.
