Are you trying to avoid RMDs while still working? Read 5 things you must know about the “still working exception” and more in this month’s IRA Updates.
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Volume 9 Issue 8





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QUESTION OF THE MONTH

Can I Convert My 403(b) to a Roth IRA Even If I'm Still Working?

Q: I have a question about Roth conversions. I don't have a traditional IRA; I'm a teacher and have a 403(b). Is it possible to convert this to a Roth, and if so, can I do it even if I'm still working? The Answer

AUGUST KEY FOCUS

Five Things You Must Know (But Probably Don't) About "Still Working Exception"

In general, when you reach age 70 ½, you must begin to take required minimum distribution (RMDs) from your retirement accounts. There are, however, a number of exceptions to this rule. One such exception is commonly known as the "still working exception." Before you move ahead with this exception, make sure you know these five things. Read More

RULING TO REMEMBER

Exceptions to the Pro-Rata Rule for IRA Distributions

Have you ever made non-deductible IRA contributions? Or, rolled over after-tax funds from your company plan to your IRA? If so, you will want to know about the pro-rata rule. However, some IRA distributions are not subject to the pro-rata rule. These exceptions may provide an opportunity for you to lower the tax bill that comes with an IRA distribution or conversion. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Community Property and Retirement Plans

Dude, Where's My IRA? Late 60-Day Rollover Allowed after IRA Escheatment

Mistake in an IRA? Who Pays the Taxes?

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TWITTER TALK

@theslottreport: Still working exception for RMDs 5% test looks at personal ownership % in YOUR employer AND % ownership of related persons/ entitles

@theslottreport: @Darla_Mercado 85% of Millennials are in a managed investment aka a target date fund. 16% in Roth #401k

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