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Planning for a Low-Tax, High-Deficit World - Bloomberg
2017-03-23

BloombergPlanning for a Low-Tax, High-Deficit WorldBloombergBut when it comes to converting your tax-deferred IRA to a tax-free Roth one, Ed Slott thinks now may be the exception. “Tax rates may never get lower in your lifetime than in 2017,” says the accountant and creator of the personal finance website ...and more »

Errors in taking retirement distributions can be costly - Chicago Tribune
2017-03-21

Errors in taking retirement distributions can be costlyChicago TribuneInvestors know that there are many advantages to IRAs and other retirement plans. However, owners of these accounts and their beneficiaries don't always follow the complex IRS regulations associated with them, and the penalties can be significant.

Want To Be A Richer Retiree? 12 Ways An IRA Can Help - Nasdaq
2017-03-20

NasdaqWant To Be A Richer Retiree? 12 Ways An IRA Can HelpNasdaq"You control the money," said Ed Slott, founder of IRAhelp.com. "You don't have to work for a company. You don't have to follow a company retirement plan's rules. You can keep the IRA where you want. You can consolidate all of your retirement accounts ...Should the US Raise the Age for Mandatory IRA Withdrawals?Wall Street Journal (subscription)all 13 news articles »

Should the U.S. Raise the Age for Mandatory IRA Withdrawals? - WSJ - Wall Street Journal (subscription)
2017-03-19

Wall Street Journal (subscription)Should the U.S. Raise the Age for Mandatory IRA Withdrawals? - WSJWall Street Journal (subscription)Those in favor say 70½ is too young a threshold, because Americans are living longer and retiring later. Skeptics say raising the age could hurt retirement ...and more »

Donald Trump vs. Bill Clinton: Same age, but different IRA rules - InvestmentNews
2017-03-13

InvestmentNewsDonald Trump vs. Bill Clinton: Same age, but different IRA rulesInvestmentNewsBoth Presidents Donald J. Trump and Bill Clinton turned age 70 in 2016. They were both born in 1946 and are in the first group of baby boomers to be subject to the age 70 ½ required minimum distribution rules, assuming of course they both have IRAs.and more »

ETFs & Funds - Investor's Business Daily
2017-03-10

Investor's Business DailyETFs & FundsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »

How To Sidestep Traps Hidden In Your IRAs - Investor's Business Daily
2017-03-10

Investor's Business DailyHow To Sidestep Traps Hidden In Your IRAsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »

How A High-Earner Couple Got $100000 Into Roth IRAs Via The Backdoor - Forbes
2017-03-06

ForbesHow A High-Earner Couple Got $100000 Into Roth IRAs Via The BackdoorForbesJeffrey Levine, chief retirement strategist for IRA expert Ed Slott & Co., just helped a 30-year-old emergency room doctor who earned $325,000 last year do backdoor Roths for the 2016 and 2017 tax years. “The earlier you start the better off you are ...and more »

This tax-season foul up will cost you — and your Roth IRA - Yahoo Finance
2017-03-03

Yahoo FinanceThis tax-season foul up will cost you — and your Roth IRAYahoo FinanceIf you made too much money last year and contributed to this tax-advantaged account, your finances are about to take a hit.and more »

This tax-season foul-up will cost you — and your Roth IRA - CNBC
2017-03-03

CNBCThis tax-season foul-up will cost you — and your Roth IRACNBC"You got a big bonus at the end of the year or you've just gotten married, and you're not aware of how high your income is," said Jeffrey Levine, chief retirement strategist at Ed Slott & Co. in Rockville Centre, New York. "It's a hot button for ...and more »

Boomer tax tip: Take required minimum IRA distributions - ReporterNews.com
2017-03-01

ReporterNews.comBoomer tax tip: Take required minimum IRA distributionsReporterNews.com“Those who are the biggest savers get hit the hardest because they saved the most,” said Ed Slott, who advises retirees and hosts a public-television show on saving and retirement vehicles. “RMDs really change the way you do taxes. When you're working, ...

These excuses won't save you money on taxes - CNBC
2017-02-28

CNBCThese excuses won't save you money on taxesCNBCThis is predicated on the idea that if business profits are funneled through the Roth, they will be tax free, said CPA Ed Slott, founder of Ed Slott and Co. in Rockville Centre, New York. Under normal circumstances, withdrawals from a Roth IRA are ...and more »

20 IRA Mistakes to Avoid - Morningstar.com
2017-02-28

20 IRA Mistakes to AvoidMorningstar.comIRA expert Ed Slott discusses considerations to bear in mind when deciding who should inherit your IRA in this video. 20. Not Seeking Advice on an Inherited IRA Inheriting an IRA can be a wonderful thing, but it's not as simple as it sounds. The ...and more »

Ask Kim: Can a high earner set up a Roth IRA? - Chicago Tribune
2017-02-26

Ask Kim: Can a high earner set up a Roth IRA?Chicago TribuneThis includes money in SEP and SIMPLE IRAs, says Jeffrey Levine, director of retirement education for Ed Slott & Co., which provides IRA advice. For example, if you have a total traditional IRA balance of $20,000 and $5,000 is from nondeductible ...

Where retirees can find continuing-ed classes - MarketWatch
2017-02-24

MarketWatchWhere retirees can find continuing-ed classesMarketWatchSecond, check to see if your retirement plan includes highly appreciated company stock, says Ed Slott, an IRA expert in Rockville Centre, N.Y. If so, you might benefit from a tax break for “net unrealized appreciation,” or NUA. In short, you would ...

For early filers, that tax-refund check is in the mail - CNBC
2017-02-21

CNBCFor early filers, that tax-refund check is in the mailCNBC"The IRS is trying to be more careful about refunds," said Ed Slott, a CPA and founder of Ed Slott and Co. in Rockville Centre, New York. "Identity thieves file fake returns early and collect the refunds." Thieves have a variety of ways to snag your ...and more »

Tax tips for boomers taking required minimum IRA distributions - Philly.com
2017-02-17

Philly.comTax tips for boomers taking required minimum IRA distributionsPhilly.com"Those who are the biggest savers get hit the hardest because they saved the most," said Ed Slott, who advises retirees and hosts a public-television show on saving and retirement vehicles. (He'll be appearing March 13 on WHYY in Philadelphia).

Tax refund checks are finally in the mail - CNBC
2017-02-17

CNBCTax refund checks are finally in the mailCNBCEarly taxpayers who've had their refunds delayed by the IRS will now get their checks. If you qualified for the earned income tax credit or the additional child tax credit, and you turned in your return early — considering tax season started on Jan ...Where's My Refund? - It's Quick, Easy and Secure. - IRS.govIRS.govall 60 news articles »

Early tax filers will start getting their refunds from the IRS - Yahoo Finance UK
2017-02-17

Early tax filers will start getting their refunds from the IRSYahoo Finance UK"The IRS is trying to be more careful about refunds," said Ed Slott, a CPA and founder of Ed Slott and Co. in Rockville Centre, New York. "Identity thieves file fake returns early and collect the refunds." Thieves have a variety of ways to snag your ...

This Tax Trick Could Be Incredibly Useful in 2017 - Money Magazine
2017-02-16

Money MagazineThis Tax Trick Could Be Incredibly Useful in 2017Money Magazine“It's about the only tax do-over you can get,” says CPA Jeffrey Levine of Ed Slott & Co. One reason such a “recharacterization” could be particularly valuable this year is that Washington is working on proposals that may lower income tax brackets. That ...8 IRA-Related Mistakes Young Professionals Need To AvoidForbesall 17 news articles »

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