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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 »

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 »

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 ...

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 »

Slow down before you invest in the Trump rally - CNBC
2016-12-08

CNBCSlow down before you invest in the Trump rallyCNBC"If you think you have some big gains, and you lock them in now, you'll have to pay a capital gains tax now," said Ed Slott, founder of Ed Slott and Co. in Rockville Centre, New York. "Under Trump, it may cost you less." You could offset those realized ...

End-of-Year Deadline Approaching for Baby Boomers - Satellite PR News (press release)
2016-12-05

End-of-Year Deadline Approaching for Baby BoomersSatellite PR News (press release)Ed Slott, CPA, a nationally recognized IRA expert, founder of Ed Slott and Company, and creator of www.IRAHelp.com, is alerting the eldest of the baby boomer generation of the December 31 deadline to decide whether to take that first RMD this year.and more »

End-of-Year Deadline Approaching for Baby Boomers - PR Newswire (press release)
2016-12-05

WDEF News 12End-of-Year Deadline Approaching for Baby BoomersPR Newswire (press release)Ed Slott, CPA, a nationally recognized IRA expert, founder of Ed Slott and Company, and creator of www.IRAHelp.com, is alerting the eldest of the baby boomer generation of the December 31 deadline to decide whether to take that first RMD this year.Thinking of Downsizing? Here Are the Questions to ConsiderWall Street Journalall 6 news articles »

Make sure you know what cracking that nest egg means - Lonoke News
2016-12-05

Lonoke NewsMake sure you know what cracking that nest egg meansLonoke NewsIt can only be broken open once," says retirement expert Ed Slott. Slott should know: He appears on PBS and conducts seminars nationally for financial advisers just on how to withdraw money from retirement accounts. The laws are so complicated that his ...and more »

Make sure you know what cracking that nest egg means - Philly.com - Philly.com
2016-11-20

Philly.comMake sure you know what cracking that nest egg means - Philly.comPhilly.comYour retirement nest egg is just that: Money "surrounded by an eggshell. It can only be broken open once," says retirement expert Ed Slott. - Erin Arvedlund ...and more »

Retire With MONEY: Retirement Planning for the Trump Era | MONEY - Money Magazine
2016-11-18

Money MagazineRetire With MONEY: Retirement Planning for the Trump Era | MONEYMoney MagazineThis week's Retire With MONEY newsletter features a look at what the Trump presidency could mean for retirement, plus good advice from around the web.and more »

Maximizing benefits for Roth beneficiaries - Chicago Tribune
2016-11-15

Maximizing benefits for Roth beneficiariesChicago TribuneEd Slott, the leading expert in retirement accounts, points out that some attorneys do not have the required expertise to advise clients regarding retirement plan issues. With a properly drawn up trust, required minimum distributions will be made based ...

Is a Roth IRA Conversion Allowed When a Retiree Is Turning 70½? - Money Magazine
2016-11-14

Money MagazineIs a Roth IRA Conversion Allowed When a Retiree Is Turning 70½?Money MagazineQ: Can you do a conversion from your IRA to a Roth IRA in the year you will be 70½? If so, must the conversion be done before you turn 70½? A: There's no age limit for doing a Roth conversion, says Jeffrey Levine, chief retirement strategist for Ed ...and more »

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