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View October's IRA Updates.
Volume 8 Issue 10





FOR DAILY IRA INFO

Bookmark www.irahelp.com/slottreport
for daily IRA, retirement and tax
planning information.






IRA Focus


QUESTION OF THE MONTH

Are All Qualified Plans Available for QLACs?

Q: Are all qualified plans available for the QLACs? If so, can you mix IRAs, 401(k)s and profit sharing plans to reach the max of $125,000 as long as the prior December 31 value meets the 25% requirement? The Answer

OCTOBER KEY FOCUS

10 Things You Must Know About the 10% Penalty and IRAs

IRAs are designed to be used for retirement savings. Ideally, you should not touch these funds before reaching retirement age. However, in the real world, you may need money and consider tapping your IRA earlier. You should be aware of these 10 things about the 10% early distribution penalty and IRAs. Read More

RULING TO REMEMBER

Satisfying Debt with an IRA Distribution: Are Funds Taxable to You?

Here’s an interesting Tax Court case. A man used his IRA funds to satisfy a debt on his behalf, but argued that he shouldn’t pay tax on the distribution because he never actually received the funds. The Tax Court weighs in with the verdict. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Roth IRA Conversion-Recharacterization- Reconversion Strategy Pays Dividends in Volatile Markets

Answering Clients’ Questions About Owning Gold in IRAs

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TWITTER TALK

@theslottreport: RMD Tip - If you have more than one 401(k), you must calculate AND take the RMD for each plan separately.

@theslottreport: Roughly half of Americans die with $10,000 or less in assets. Why? There was never a plan.

Follow @theslottreport for INSTANT IRA information

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