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Volume 7 Issue 12

Ask Your Questions to America's IRA Experts on February 20. Learn more here




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QUESTION OF THE MONTH

Can an IRA and Annuity Be Grouped Together for My Required Distribution?

Q: I have a question that I've received conflicting answers on in the last few weeks. Can an IRA and deferred annuity be grouped together for RMD purposes and the withdrawal be paid out of only one account? The Answer

DECEMBER KEY FOCUS

5 Steps to Eliminate a 2014 Estimated Tax Penalty with Your IRA Before the Year Ends

It's December already, and you've just realized that you haven't been withholding enough income taxes so far this year and/or you have haven't been making the proper quarterly estimated payments in 2014. Does that mean that you're going to have a penalty? Probably, unless you do something to fix the problem before the end of the year. Read More

RULING TO REMEMBER

Consolidating IRAs: Relying on an Advisor Who Didn't Know the Tax Code

An advisor told her client to consolidate her IRAs by moving her traditional IRA into a SIMPLE IRA. Educated advisors know what the tax code thinks about that maneuver. This Private Letter Ruling (PLR) details the taxpayer's efforts to rescind the error and move the money back into the traditional IRA. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

IRS Clarifies New Once-Per-Year Rollover Rule for 2015...Again!

Dealing with Faulty IRA Trusts

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