Ed Slott and Company monthly IRA updates with 10 things to know about recharacterization, details on IRA rollover rules and more. View September's IRA Updates.
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Volume 8 Issue 9





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QUESTION OF THE MONTH

Does The Five-Year Holding Pattern Apply to Each Roth Conversion?

Q: I converted my traditional IRA to a Roth IRA in 2009 and paid taxes on that conversion. The Roth IRA is more than five years old. I need some money now, and would like to take money out of my Roth IRA to pay some big bills. Can I take a tax-free and penaltyfree distribution from my Roth IRA? The Answer

SEPTEMBER KEY FOCUS

10 Things You Must Know About a Recharacterization

October will be here before you know it. I know this because I have already seen Halloween candy in the grocery store. October 15 is the deadline for doing a Roth recharacterization. Here are 10 things you must know about the process, the pluses, the pitfalls and how to decide whether it is the best move to make for your overall retirement plan. Read More

RULING TO REMEMBER

New Rules to Know Before Moving Your IRA

We have received countless questions on the new once-per-year IRA rollover rule as a result of the Bobrow decision. We again highlight this ruling with an example that illustrates the new IRA rollover restrictions put in place due to the court’s ruling. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

A Step-by-Step Guide to Planning for Spousal Beneficiaries

A Step-By-Step Guide to Planning for Spousal Beneficiaries Chart - "The Spousal IRA Beneficiary Decision Tree"

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