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
A qualified HSA funding distribution gives clients a one-time chance for a tax-free distribution of funds from an individual retirement account.
Countdown to the Oct. 15 deadline for recharacterizing 2017 Roth conversions.
A new phenomenon may signal a trend in which IRAs play a bigger role in divorce settlements.
Retirement savers have also seen the purchasing power of their savings reduced by inflation.
A new phenomenon may signal a trend in which IRAs play a bigger role in divorce settlements.
A change in the tax law could now help both parties.
Ensure your clients' individual retirement accounts are set for 2018
The strategy allows high-income clients to make contributions to Roth IRAs despite income limits.
Some clients could profit from the spread between 2017 and 2018 tax rates.
They're now more valuable than ever.
Advisers should understand how rules on IRA rollovers and aggregation affect clients.
If the tax bill becomes law, the recharacterization repeal will be effective after 2017
Losing big deductions, even in lieu of a larger standard deduction, may cause taxes to rise in retirement.
Financial advisers should use the summer to evaluate all 2016 and 2017 Roth conversions for clients.
These strategies can help stave off the increase in taxes that required minimum distributions usually cause.
Advisers should have their antennas up when an IRA owner dies and leaves the IRA to a non-spouse beneficiary.
Advisers need to help RMD clients change the way they give.
Steer young investors away from these common moves that can have a significant negative impact in retirement.
Identify clients who had these types of retirement distributions and then check for these common errors.
These pointers can help advisers reduce confusion for new required minimum distribution clients.
