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Volume 6 Number 12





FOR DAILY IRA INFO

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QUESTION OF THE MONTH

What Impact Does an Annuity Have on my RMDs?

Q: I have a question which has ellicited various responses. If I were to purchase an immediate annuity with all the funds in my only taxable IRA, what impact does that have on RMDs (required minimum distributions) when I'm age 70 1/2? Answer

DECEMBER KEY FOCUS

3 Ways Your Retirement Account Could Cost You

When managing your retirement account, you should be aware of the unexpected ways those employer-sponsored or IRA accounts could actually cost you. In this Key Focus, we examine the costing roles student aid, Medicare premiums and taxation of Social Security can have on your retirement account. Read More

RULING TO REMEMBER

An IRS First on the 60-Day Rollover Rule!

In this month's Ruling to Remember, we look at Private Letter Ruling 201347025, another in a long line of 60-day IRA rollover rulings. Yet, this one has a different ending as a taxpayer asked for an additional 60 days to complete a rollover based on incorrect advice given by an IRS employee. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

QCDs, More Valuable Than Ever, Set to Expire

In Bankruptcy, States Still Differ on Creditor Protection for Inherited IRAs

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TWITTER TALK

@theslottreport: IRS Form 8606 takes total year-end balance of all your IRAs and divides that into the total balance of all after-tax amounts in all IRAs.

@theslottreport: An #IRA can NOT be transferred or assigned during the lifetime of the acct. owner. There is an exception - #IRAs split during divorce.

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