SEP IRAs, a great tax strategy and your details on the new 60-day IRA rollover fix in this month's IRA Updates.
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Volume 9 Issue 9









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QUESTION OF THE MONTH

Can I Still Receive SEP Contributions If I Have to Take RMDs From It?

Q: I am turning age 70 1/2 this year and have to start taking RMDs from my IRAs. I am also still working and have a SEP IRA. Do I also have to take RMDs from my SEP IRA? Can I still receive conttributions to my SEP if I have to take RMDs from it? The Answer

SEPTEMBER KEY FOCUS

How to Pay No Tax on Your Capital Gain Using a Free Step-Up in Basis

In order to encourage investments in companies, the tax code provides for the preferential treatment of capital gains (gain on property, such as a stock) if the investment being sold had been held for greater than one year. Consider this chart, which summaries the ordinary income tax rates vs. the long-term capital gains rates that apply at various income levels. Read More

RULING TO REMEMBER

10 Things You Should Know about the New Fix for Late IRA Rollovers

There is good news for everyone with a retirement account. The IRS recently released Revenue Procedure 2016-47, which provides a new and easier way for you to complete a late 60-day rollover of retirement funds using a selfcertification procedure. Here are 10 things you should know about this new procedure that just mightsave your retirement savings. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

Key Planning Issues When Clients Reach Age 70 1/2

This Just In... Self-Certification - The New Fix for Late Rollovers

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TWITTER TALK

@theslottreport: With the #FiduciaryRule set to take effect next year, the proactive steps advisors take NOW matter. http://bit.ly/1Sb7VXg

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