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Volume 8 Issue 7





FOR DAILY IRA INFO

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IRA Focus


QUESTION OF THE MONTH

Do I Have to Take a Required Minimum Distribution From My 403(b)?

Q: I am aware that there are no RMDs required for the owner of a Roth IRA at age 70 1/2. I am unclear as to whether there are RMDs required for Roth 403(b)s? If there are, would rolling the Roth 403(b) into a Roth IRA avoid the RMD requirements? The Answer

JULY KEY FOCUS

Still Working and Past Age 70.5? Here are Key Answers to 7 RMD FAQs

We get many questions from those nearing the RMD (required minimum distribution) age of 70 Ĺ who are still working. Below we put together a list of 7 frequently asked questions and our answers on this important IRA planning topic, including RMD delays for IRAs and 401(k)s, when an individual must take their first RMD if using the still working exception and more. Read More

RULING TO REMEMBER

Don't Be "Elroy" When Splitting an Inherited IRA After Death

In the tax court case (Morris, et ux. v. Commissioner, TC Memo 2015-82), Elroy Morris, an IRA beneficiary, lost even though he received poor advice from a law firm that helped with the settlement of his fatherís estate. Elroy shared the inherited IRA funds with his siblings and was being forced to pay all of the income tax on the distribution. Hereís the full story. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Roth IRAs ... The Ultimate College Savings Vehicle?

Understanding How Tax Tactics Interact With One Another

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