Learn 3 important IRA rollover rules and discover 5 things you can do with an IRA that you canít with a 401(k). View this month's IRA Updates in your browser.
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Volume 9 Issue 4





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QUESTION OF THE MONTH

Do My Sonís ďChoresĒ Count as Compensation for Roth IRA Contribution Eligibility?

Q: I opened a Roth IRA for my son and reported the contribution on a W-2. This was not a business, but was a payment for actual chores that he did for me. I did this for three years - 2009 through 2011. We feel the work was legitimate and actually marked the dates and times on a calendar. Is this legal? The Answer

APRIL KEY FOCUS

5 Things You Can Do with an IRA That You Canít with a 401(k)

IRAs and 401(k)s share a lot of similarities. They are both retirement plans. They both can help you lower your tax bill today, provide tax-deferred growth and help provide an income source in retirement. That said, there are also many differences between IRAs and 401(k)s. So, this article explores 5 things you can do with an IRA that you canít with a 401(k). Read More

RULING TO REMEMBER

3 IRA Rollover Rules You Must Know

When it comes to investing your IRAs, you are in the driverís seat. If an investment is no longer working for you and another opportunity better fits your retirement savings strategy, you may want to move your IRA funds. Be careful. Before you decide to take a distribution from your IRA, you will want to understand three very important rules that apply to rollovers. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Brokerís Failure to Provide Adequate Tax Info Leads to $52,000 FINRA Award for Client Profit Sharing and/or Money Purchase Pension Plan

Metal Worker Wins Full Pension with Help of Posthumous QDRO

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TWITTER TALK

@theslottreport: @USDOL @ TompPerez: ďíWe put our Clients FirstíĒ is no longer just a marketing slogan. Today, itís the law.Ē #FiduciaryRule

@theslottreport: You canít rollover your required distribution - in fact, if you have one, it must be taken before a rollover. #IRARolloverRules

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