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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 »

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 »

What's in your IRA? GAO says retirement accounts hold lots of ... - InvestmentNews
2017-01-10

InvestmentNewsWhat's in your IRA? GAO says retirement accounts hold lots of ...InvestmentNewsIndividual retirement accounts held roughly $50 billion in “unconventional assets” in half a million accounts at the end of 2015, according to a report published ...and more »

What's in your IRA? GAO says retirement accounts hold lots of 'unconventional assets' - InvestmentNews
2017-01-10

InvestmentNewsWhat's in your IRA? GAO says retirement accounts hold lots of 'unconventional assets'InvestmentNewsInvesting in such assets “creates some unique problems when it comes to retirement accounts especially,” such as valuation and liquidity, according to Jeffrey Levine, chief retirement strategist at Ed Slott & Co. Due to the illiquid nature of real ...and more »

Backdoor Roth IRAs: What You Need to Know - Morningstar.com
2017-01-08

Backdoor Roth IRAs: What You Need to KnowMorningstar.comMeanwhile,IRA experts Ed Slott and Jeffrey Levine believe that investors needn't wait a protracted period of time to conduct the conversion. My own two cents is that because backdoor IRA funders are subject to the annual contribution limits of $5,500 ...and more »

Mike's Monthly Message - TAPinto.net
2017-01-04

TAPinto.netMike's Monthly MessageTAPinto.netThe Business Partnership's goal is to start the year strong by providing you with a number of helpful educational and networking options, beginning with an event to support the work of OpportunityNJ to make NJ more affordable and competitive. We are ...

Still time to make IRA contributions for 2016 - InvestmentNews
2017-01-03

InvestmentNewsStill time to make IRA contributions for 2016InvestmentNewsIf Tom has other funds in his IRA that were not part of the 2016 Roth recharacterization, he can convert those funds at any time, since that would not be a reconversion. It would be a new Roth conversion. Ed Slott, a certified public accountant ...and more »

This tax-saving IRA strategy could be toast next year - CNBC
2016-12-30

CNBCThis tax-saving IRA strategy could be toast next yearCNBCThe proposed legislation pokes a big hole in these so-called "stretch IRA" strategies. "With a stretch IRA, you give a young beneficiary the gift of long-term tax deferral," said Jeffrey Levine, chief retirement strategist at Ed Slott and Co. in ...

Stretch IRA: Are Its Days Numbered? - Financial Advisor Magazine (registration)
2016-12-23

Stretch IRA: Are Its Days Numbered?Financial Advisor Magazine (registration)But Ed Slott, one of the nation's most highly regarded authorities on all things IRA, believes 2017 will be the year it finally makes its way into law. “It's really gonna happen next year,” says Slott. “It'll be slipped in under the radar as a revenue ...and more »

John Grace: Even in rising markets you need a strategy - Ventura County Star
2016-12-20

Ventura County StarJohn Grace: Even in rising markets you need a strategyVentura County StarIn his workshops, my friend Ed Slott, a CPA and founder of Ed Slott and Company, says our respective accounting and financial planning industries must help investors see how “these tax-infested accounts really work over time.” As you see what is ahead ...

Personal-Finance Lessons From the Ultrawealthy - Wall Street Journal
2016-12-16

Wall Street JournalPersonal-Finance Lessons From the UltrawealthyWall Street JournalIf you do close, combine or roll over any of your accounts, beware of early-withdrawal penalties or unintended tax consequences. Not all accounts can be combined, says Jeffrey Levine, chief retirement strategist at Ed Slott & Co. A nongovernmental “457 ...

Avoiding the 'Withdrawal Pains' of Retirement Accounts - Newsmax
2016-12-14

NewsmaxAvoiding the 'Withdrawal Pains' of Retirement AccountsNewsmaxEd Slott is one of the nation's top experts on IRAs. But a couple of years ago, someone near and dear to him neglected to take a required minimum distribution ...and more »

Avoid the 'Withdrawal Pains' of Retirement Accounts - Newsmax
2016-12-14

NewsmaxAvoid the 'Withdrawal Pains' of Retirement AccountsNewsmaxEd Slott is one of the nation's top experts on IRAs. But a couple of years ago, someone near and dear to him neglected to take a required minimum distribution from one of her individual retirement accounts. "It happened to my mother," Slott admitted ...and more »

This Year-End IRA Mistake Could Cost You Big Bucks | MONEY - Time - Money Magazine
2016-12-14

Money MagazineThis Year-End IRA Mistake Could Cost You Big Bucks | MONEY - TimeMoney MagazineRequired minimum distribution can be a headache. They can trigger tax increases that'll cost you big-time. Here's how to avoid the issue.and more »

COLUMN-Avoiding the 'withdrawal pains' of retirement accounts - Reuters
2016-12-14

COLUMN-Avoiding the 'withdrawal pains' of retirement accountsReutersBy Mark Miller CHICAGO, Dec 14 Ed Slott is one of the nation's top experts on IRAs. But a couple of years ago, someone near and dear to him neglected to take a required minimum distribution from one of her individual retirement accounts. "It happened ...and more »

The Best Ways to Avoid Boredom in Retirement - Wall Street Journal
2016-12-11

Wall Street JournalThe Best Ways to Avoid Boredom in RetirementWall Street Journal... if you have them.) After-tax funds, once they are inside your IRA, are mixed with pretax funds—and can't be “unmixed.” So, when the time comes to withdraw funds, you can't withdraw only after-tax funds, says Ed Slott, an IRA specialist in ...and more »

Estate Planning Tip: Creditor Protection for IRAs & Beneficiaries - Forbes
2016-12-09

ForbesEstate Planning Tip: Creditor Protection for IRAs & BeneficiariesForbesA $1 million inflation-adjusted limit applies to the federal bankruptcy protection rules for the aggregate value of Contributory and Roth IRAs. Accounting for inflation, this limit is $1,283,025 as of April 1, 2016, per Ed Slott & Co. Assets that have ...

Year-end required minimum distribution planning alert for first-timers - InvestmentNews
2016-12-08

InvestmentNewsYear-end required minimum distribution planning alert for first-timersInvestmentNewsThe first baby boomers turned 70 ½ in 2016. The rules can be confusing for new required minimum distribution clients, so here are a few pointers to review with your first-timers. Required minimum distributions begin in the year a client turns 70 ½, but ...and more »

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