Ed Slott and Company tackles IRA creditor protection and a major IRA pitfall. View August's IRA Updates.
share: email facebook LinkedIn twitter
Volume 8 Issue 8





FOR DAILY IRA INFO

The Slott Report has a new
home! Check us out for daily info at www.IRAhelp.com/slottreport




IRA Focus





QUESTION OF THE MONTH

Does The Five-Year Holding Pattern Apply to Each Roth Conversion?

Q: Iíve read that regardless of age, a five-year hold period applies to each Roth conversion and that the earnings portion of any distribution from a converted IRA would be subject to tax and penalty if withdrawn prior to 5 years of each conversion? Is this true? The Answer

AUGUST KEY FOCUS

How Safe From Creditors is Your 401(k) if You Roll it to an IRA?

"If I roll my 401(k) money to an IRA, how safe will it be from creditors?" This is one of the most common - and in some cases, important - questions people have when they are considering moving their 401(k) to an IRA. There is not one simple answer to that question, but we dive in to the many issues involved with this decision. Read More

RULING TO REMEMBER

Using Your IRA to Fund Your Business is Not a Good Idea

In Ed Slottís regular Financial Planning column, he examined the case of Terry Ellis, a business owner who had his entire IRA disqualified because he used it to indirectly transfer funds for his own benefit. An appellate court ruled that Ellisí salary was a prohibited transaction and indirect self-dealing. This is a major mistake with massive tax and penalty consequences. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Supreme Court Declares Same-Sex Marriage Legal in All States

New Law to Expand 10% Penalty Exception for Public Safety Workers

Preview This Issue and Subscribe



TWITTER TALK

@theslottreport: @ReformedBroker Over the last year, 1154 new RIAs registered while 576 RIAs sold out or closed up. The industry added two million clients since mid- 2014.

@theslottreport: Do you really know what a rollover is? Perhaps you understand the basics, but Uncle Samís cut is in the details. http://bit.ly/1LTPX9w

Follow @theslottreport for INSTANT IRA information

RESOURCES

EXPERT PROFESSIONAL ASSISTANCE


Copyright © 2015 Ed Slott and Company, LLC