We detail the latest update on forthcoming Social Security changes and outline what you need to know about the required beginning date. View March's IRA Updates in your browser.
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Volume 9 Issue 3





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Can I Roll Over Traditional IRA Funds to a SIMPLE IRA?

Q: What are the limitations of combining Traditional IRA accounts with SIMPLE IRA accounts with a rollover? Also, what are the comparable legal advantages between a regular 401(k) account and a Roth 401(k) account? The Answer

MARCH KEY FOCUS

Latest Update on Forthcoming Social Security Changes

In recent weeks, the Social Security Administration has released a flurry of information, including several “Emergency Messages,” aimed at clarifying some of the changes to the Social Security rules made by the Bipartisan Budget Act of 2015. We outline what you need to know from these messages to prepare for the upcoming Social Security changes. Read More

RULING TO REMEMBER

What You Need to Know About the Required Beginning Date

RBD stands for required beginning date. It is the date by which an IRA owner must take their first required minimum distribution (RMD) in order to avoid a 50% penalty. Generally, an individual must take their first distribution from a retirement account in the year they turn age 70 ˝. These points clarify exactly when you must take your first RMD and what rules you need to know. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Contributing to Multiple Retirement Plans

Profit Sharing and/or Money Purchase Pension Plan

Traditional IRA Contribution Deduction Eligibility

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TWITTER TALK

@theslottreport: #IRAs have federal protection in bankruptcy proceedings. The new limit (starting April 1) is increased to $1,283,025.

@theslottreport: More #SocialSecurity: If you were 62+ by 1/1/16, you follow “old” restricted application rules, but can’t submit an application until age 66

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