The Ins and Outs of Tax-Loss Selling
Tuesday, December 13, 2022
Tax and IRA expert Ed Slott discusses the benefits of selling depreciated securities, along with must-knows about the wash-sale rule and cost-basis elections.
Newsroom View
News & Press
Tips on Taking Last-Minute RMDs in 2022
Monday, December 12, 2022
Tax and IRA expert Ed Slott says that people taking required minimum distributions may have a bit of sticker shock this year.
Are IRA Conversions in a Down Market a Good Idea?
Thursday, December 8, 2022
Tax and IRA expert Ed Slott on when conversions can result in the greatest tax savings—and what to know before you execute them.
Build To Win: Tax and Business Tips (with Barbara Corcoran & Ed Slott)
Sunday, October 9, 2022
What do I need to rock my financial life before year end? You’re in luck because we’re bringing in the “A” team, with great advice from two titans: Barbara Corcoran and Ed Slott. Ed will kick things off by helping us all rethink tax planning, then Barbara Corcoran will help you launch or reboot your business.
Reducing the Pain From Required Retirement Withdrawals This Year
Thursday, October 6, 2022
Millions of retirees will get friendly reminders from their banks and brokerages in coming weeks to take required withdrawals from their 401(k)s or other retirement accounts by the end of the year.
Americans Tap 401(k) Plans After Hurricanes and Natural Disasters
Monday, October 3, 2022
Florida residents who suffered financial losses from Hurricane Ian might be able to tap their retirement accounts to cover emergency expenses, a last resort more victims of natural disasters are using.
How to Handle Required Withdrawals From Retirement Accounts
Saturday, September 3, 2022
Is there a recommended strategy for taking required withdrawals from retirement savings in this horrible market? I’m a buy-and-hold investor; normally, I would just hunker down, not look at my balances, and ride out this storm. Unfortunately, the Internal Revenue Service makes me sell stocks at the worst time. Any recommendations for this unprofitable task?
If You Withdrew Money From Your IRA During Covid, It Can Pay to Repay It
Friday, September 2, 2022
When the Covid-19 pandemic arrived in 2020, many individuals took advantage of a federal tax break and withdrew money from their retirement accounts.
If they repay the funds—which isn’t required—by next year, they’ll get another tax break, too.
To Withdraw Money From an IRA Without a Penalty, Try a ‘72(t)’ Plan—but Carefully
Thursday, August 4, 2022
If you are younger than age 59½ and want to withdraw money from your individual retirement account, there are several exceptions that could allow you to do so without incurring the 10% early-withdrawal penalty from the IRS.
One such exemption being used more often is a so-called 72(t) plan.
Ed Slott, Ian Berger Explain 2 Good Reasons to Do a Reverse Rollover
Sunday, July 24, 2022
Doing a reverse rollover — in which money is rolled from an IRA to a 401(k) — still makes sense for clients that want to take advantage of a “backdoor” Roth IRA conversion or delay required minimum distributions, according to Ed Slott and Ian Berger of Ed Slott and Co.