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The good, bad of Obama's retirement proposals - BenefitsPro
2015-02-09

BenefitsProThe good, bad of Obama's retirement proposalsBenefitsProIt's a good idea, except that, as Ed Slott and Co. IRA expert Jeff Slott points out, the default option in the proposal is a Roth IRA, which comes with penalties if you contribute beyond their thresholds. So, instead of a Roth, the default should be a ...and more »

Before moving IRA, make sure you know this new rule - SFGate (blog)
2015-02-09

Before moving IRA, make sure you know this new ruleSFGate (blog)“This is going to catch a lot of people off guard,” said Jeffrey Levine, an IRA expert with Ed Slott & Co. He called it the biggest threat to retirement accounts in recent memory. Before you hit the panic button, remember that the new rule only applies ...and more »

House set to vote on making tax breaks for IRA charitable donations permanent - InvestmentNews
2015-02-09

InvestmentNewsHouse set to vote on making tax breaks for IRA charitable donations permanentInvestmentNews“If it's going to get renewed every year, just make the thing permanent and give advisers certainty,” said Ed Slott, founder of Ed Slott and Co., an IRA consultant. The IRA provision is popular because it allows people who are older than 70-and-a-half ...

Donor Motivation – It's All About Connecting Established Aurora Businessman ... - Chicago Tribune
2015-02-05

Chicago TribuneDonor Motivation – It's All About Connecting Established Aurora Businessman ...Chicago TribuneHe is a certified financial planner CFP™; a member of Ed Slott's Master Elite IRA Advisor Group; and a registered investment advisor (RIA) in the state of Illinois. He has served the Chicagoland area as a bilingual authority on IRAs for nearly thirty ...

IRA Owners: Heed New 60-Day Rollover Rule - Nasdaq
2015-02-05

Wall St. Cheat SheetIRA Owners: Heed New 60-Day Rollover RuleNasdaq As you ring in the New Year, be mindful of a new IRS rule on IRA rollovers. Of all the rule changes in the recent past, this is the one "that will catch people most off guard and create the most problems," says Jeffrey Levine, IRA technical consultant ...all 9 news articles »

President Obama's 2016 budget targets retirement accounts - MarketWatch
2015-02-05

MarketWatchPresident Obama's 2016 budget targets retirement accountsMarketWatch Jeffrey Levine, CPA is an IRA Technical Consultant with Ed Slott and Company who educates thousands of financial advisors, CPAs, attorneys and consumers each year on the best practices and dangerous pitfalls involving IRAs and other retirement ...and more »

Obama Budget Would Drastically Alter IRA Rules - AARP News (blog)
2015-02-04

AARP News (blog)Obama Budget Would Drastically Alter IRA RulesAARP News (blog) Of course, these changes would require the backing of Congress, which is unlikely to happen at this point, says Jeffrey Levine, an IRA technical consultant with Ed Slott and Co. The president's budget also brings back other proposed IRA restrictions ...

IRA Owners: Heed New 60-Day Rollover Rule - Kiplinger Personal Finance
2015-02-04

Kiplinger Personal FinanceIRA Owners: Heed New 60-Day Rollover RuleKiplinger Personal Finance Of all the rule changes in the recent past, this is the one "that will catch people most off guard and create the most problems," says Jeffrey Levine, IRA technical consultant for Ed Slott and Co., which provides IRA advice. "It is going to cost people ...

Proposed pinch on your 401(k) looks eerily similar to Obama's 529 idea - Chicago Tribune
2015-02-03

Wall Street JournalProposed pinch on your 401(k) looks eerily similar to Obama's 529 ideaChicago Tribune It's no wonder that some people would worry now, said Ed Slott, whose firm advises IRA investments. Even before the 529 fiasco, "The most common question I got was: 'What if the government changes the rules?' " If Roth IRAs are taxed, savings won't ...

Obama Budget Would Prohibit Backdoor Roth IRAs - Forbes
2015-02-02

ForbesObama Budget Would Prohibit Backdoor Roth IRAsForbes One unintended consequence of trying to kill off backdoor Roths is that the Administration has in effect given a tacit validation to the strategy, says IRA expert and CPA Ed Slott. “It seems to me they're saying that was a good workaround, but we don't ...

Obama Would Block Strategies to Pump Up Roth IRAs - Wall Street Journal (blog)
2015-02-02

Wall Street Journal (blog)Obama Would Block Strategies to Pump Up Roth IRAsWall Street Journal (blog) The brief reference in the massive budget document—“Limit Roth conversions to pre-tax dollars,” on page 121—was spotted by Jeffrey Levine, a CPA and IRA technical consultant with Ed Slott & Co. in Rockville Centre, N.Y.. The Treasury Department's ...

2010 Roth conversions are now penalty-free - InvestmentNews
2015-02-01

InvestmentNews2010 Roth conversions are now penalty-freeInvestmentNews ... long as possible since it not only grows tax- and penalty-free, but is unencumbered by required minimum distributions for the life of the owner. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite IRA ...

Tip for travelers: When is the best time to exchange money? - SFGate
2015-01-26

 Tip for travelers: When is the best time to exchange money?SFGate A: “You really cannot put an IRA in a living trust,” said Jeff Levine, an IRA technical expert with Ed Slott & Co. “There are people who think you can put an IRA into a revocable trust during your lifetime, but they are on the outskirts, pushing the ...and more »

Weighing a Plan B in estate planning in light of Obama's proposed tax overhaul - InvestmentNews
2015-01-23

 Weighing a Plan B in estate planning in light of Obama's proposed tax overhaulInvestmentNews “The planning has moved from getting assets out of the estate to keeping appreciated assets in the estate,” said Ed Slott, creator of the IRA Leadership Program. “Maybe they'd have to go back to getting property out of the estate and shifting the ...

Moving IRAs? You Gotta Know When to Roll 'Em - Fox Business
2015-01-19

Fox BusinessMoving IRAs? You Gotta Know When to Roll 'EmFox Business Going forward, all earnings will be subject to income tax on an annual basis. “Older people change IRA investments all the time just to get a half percent more on a CD at another bank!” says CPA Ed Slott, who writes and speaks about IRAs. Better tell ...and more »

Avoid an IRA Rollover Disaster - Financial-Planning.com
2015-01-18

Financial-Planning.comAvoid an IRA Rollover DisasterFinancial-Planning.com A new year always brings new opportunities and new challenges for advisors. This year also brought substantial rule changes, including a stricter interpretation of the once-per-year IRA rollover rule. Advisors must be sure to inform clients of the new ...

Retirement: What the new Congress has in store - USA TODAY
2015-01-13

USA TODAYRetirement: What the new Congress has in storeUSA TODAY I think it's a concern for current retirees — those in in pre-retirement or already collecting," says author, CPA and retirement expert Ed Slott, who hosts Ed Slott's Retirement Roadmap on PBS. "Those people vote. Those entities will not be touched ...and more »

Happy Birthday IRAs: The Individual Retirement Account Celebrates its 40th ... - STLtoday.com
2015-01-12

Happy Birthday IRAs: The Individual Retirement Account Celebrates its 40th ...STLtoday.com“IRAs have become an integral part of retirement planning,” says Don Chamberlin, president and CEO of The Chamberlin Group, a member of Ed Slott's Master Elite or Elite IRA Advisor Group with Ed Slott and Company, “America's IRA Experts.

Here's a little-known tax break on company stock in 401(k) plans - SFGate
2015-01-09

ParadeHere's a little-known tax break on company stock in 401(k) plansSFGate You can apply the tax break to the transferred shares, as long as everything in your 401(k) is withdrawn or transferred to an IRA within the same calendar year, says Jeff Levine, an IRA technical consultant with Ed Slott & Co. Your cost basis (what you ...

Total Return: Blog Highlights - Wall Street Journal
2015-01-09

 Total Return: Blog HighlightsWall Street Journal For answers we turned to Ed Slott, a CPA and well-known IRA expert. Q: I have after-tax contributions in my traditional IRA. Is there a way to transfer only these contributions directly to a Roth IRA without paying taxes? No, Mr. Slott says: “Every ...and more »

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