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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 »

Column: Tax tips for boomers taking required minimum IRA distributions - Pittsburgh Post-Gazette
2017-02-20

Column: Tax tips for boomers taking required minimum IRA distributionsPittsburgh Post-Gazette“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, ...

Aging Edge | Pittsburgh Post-Gazette - Pittsburgh Post-Gazette
2017-02-20

Aging Edge | Pittsburgh Post-GazettePittsburgh Post-GazettePresident Donald Trump turned 70 last year. If he, like some of his fellow Americans, has an individual retirement account, he must take the first required ...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 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 »

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 »

8 IRA-Related Mistakes Young Professionals Need To Avoid - Forbes
2017-02-16

Forbes8 IRA-Related Mistakes Young Professionals Need To AvoidForbesFor those deciding what kind of IRA to open, when you should open it, and how much you should be contributing, I outlined pitfalls to avoid with help from Ed Slott, a CPA and retirement expert who wrote Fund Your Future; A Tax-Smart Savings Plan in ...and more »

Don't celebrate that giant tax refund - CNBC
2017-02-15

CNBCDon't celebrate that giant tax refundCNBC"Psychologically, it's not a terrible thing to have a little bit of a refund," said Jeffrey Levine, chief retirement strategist at Ed Slott and Co. in Rockville Centre, New York. "But if you overpay throughout the year, it's not the right move." Here's ...and more »

Don't celebrate that giant tax refund - CNBC.com - CNBC
2017-02-15

CNBCDon't celebrate that giant tax refund - CNBC.comCNBCA generous income tax refund from Uncle Sam may feel like free money, but don't be fooled — it isn't. For the 2015 tax year, the average refund was $2,860, ...and more »

How to help millennials avoid big mistakes with their IRAs - InvestmentNews
2017-02-14

InvestmentNewsHow to help millennials avoid big mistakes with their IRAsInvestmentNewsMillennials need retirement help. They're making critical IRA mistakes that will cost them exponentially over time. They need human advisers, not just robo-advisers who offer no guidance. Advisers can tap into the millennial IRA market through existing ...and more »

A note to Retirement Weekly readers - MarketWatch
2017-02-10

A note to Retirement Weekly readersMarketWatchOne such change: We are launching “Retirement Adviser,” a new department that will feature articles written by advisers who are members of Ed Slott's Elite IRA Advisor Group, an organization of financial advisers dedicated to being retirement account ...

33 Smart Ways to Cut Your Taxes Right Now - Yahoo Finance
2017-02-06

Yahoo Finance33 Smart Ways to Cut Your Taxes Right NowYahoo FinanceBut it's not risky to go ahead, since you can undo a 2017 Roth conversion as late as mid-October 2018. “It's about the only tax do-over you can get,” says CPA Jeffrey Levine of Ed Slott & Co. Do this only if you can pay taxes with money outside your ...and more »

Where Retirees Can Find Continuing-Ed Classes - Wall Street Journal
2017-02-05

Wall Street JournalWhere Retirees Can Find Continuing-Ed ClassesWall Street JournalSecond, 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 ...

INVESTORS, PLANS & MONEY: Resolution: Create more wealth - Wicked Local Marion
2017-01-31

INVESTORS, PLANS & MONEY: Resolution: Create more wealthWicked Local MarionReading motivational stories is how I love to spend New Year's Day. Instead of New Year's resolutions, I review what I am trying to accomplish for the upcoming ...and more »

4 Tips for Completing IRA Rollovers the Right Way - Accountingweb.com
2017-01-25

Accountingweb.com4 Tips for Completing IRA Rollovers the Right WayAccountingweb.com“The court's ruling directly conflicted with long-standing precedent,” recalled retirement specialist Ed Slott in Investment News. Know Your Rollovers For investors, accountants, and financial advisors, IRA rollover decisions are growing in importance.and more »

The best ways to avoid boredom in retirement - MarketWatch
2017-01-20

MarketWatchThe best ways to avoid boredom in retirementMarketWatchSo, when the time comes to withdraw funds, you can't withdraw only after-tax funds, says Ed Slott, an IRA specialist in Rockville Centre, N.Y.. Slott calls this “the cream-in-the coffee” rule. Once you put cream in your coffee, you can't take out just ...

Now is the time to review and correct 1099-R tax forms - InvestmentNews
2017-01-19

InvestmentNewsNow is the time to review and correct 1099-R tax formsInvestmentNewsSometimes the full fair market value is entered instead. That's a big mistake and wipes out the tax benefit. NUA distributions are usually for large amounts, so make sure the reporting is correct. Ed Slott, a certified public accountant, created the ...and more »

The Two Gifts of the Tax Code - Basking Ridge NJ News - TAPinto - TAPinto.net
2017-01-17

TAPinto.netThe Two Gifts of the Tax Code - Basking Ridge NJ News - TAPintoTAPinto.netThe two gifts of the tax code are the Roth conversion and life insurance.” -Ed Slott, CPA.and more »

Thinking of downsizing in retirement? Consider these questions - MarketWatch
2017-01-17

MarketWatchThinking of downsizing in retirement? Consider these questionsMarketWatchYes, the accounts can be combined—as long as the grandchildren are named as the beneficiaries on the Roth IRA beneficiary form for each Roth IRA when the last grandparent dies, says Ed Slott, an IRA specialist in Rockville Centre, N.Y. Also, a ...and more »

"Have It Your Way" Retirement Accounts: 4 Things to Know About Self-Directed IRAs - Motley Fool
2017-01-13

Motley Fool"Have It Your Way" Retirement Accounts: 4 Things to Know About Self-Directed IRAsMotley Foolsaid Jeffrey Levine, chief retirement strategist and director of retirement education at Ed Slott and Co. That's all possible, said Levine. But if you do, it's important to understand what you own and how you can make, or lose, money. A self-directed ...and more »

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