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Planning Roth conversions during tax reform uncertainty - InvestmentNews
2017-06-23

InvestmentNewsPlanning Roth conversions during tax reform uncertaintyInvestmentNewsWhat will 2017 or even 2018 tax rules look like? Going into summertime it's starting to look like any major tax reform may not be effective until 2018. One thing is for sure, though: Roth conversions will be affected, both the conversions already done ...

Beware the Impact on RMDs When Reversing a Roth IRA ... - Nasdaq - Nasdaq
2017-06-21

NasdaqBeware the Impact on RMDs When Reversing a Roth IRA ... - NasdaqNasdaqYes. Your required minimum distributions are based on your traditional IRA balance at the end of the previous year. When you convert traditional IRA money to a ...and more »

Beware the Impact on RMDs When Reversing a Roth IRA Conversion - Kiplinger Personal Finance
2017-06-20

Kiplinger Personal FinanceBeware the Impact on RMDs When Reversing a Roth IRA ConversionKiplinger Personal Finance“If all or a portion of the conversion is reversed, an adjustment to the December 31, 2016, balance needs to be made, thus increasing the 2017 RMD,” says Jeffrey Levine, chief retirement strategist for Ed Slott and Co., an IRA consulting firm. Say, for ...

When it comes to retirement, don't just wing it - MarketWatch
2017-06-19

When it comes to retirement, don't just wing itMarketWatchAnd if you're wondering, there is no formal definition of “still working,” notes Ed Slott, an IRA expert in Rockville Centre, N.Y. The employment can be part time or full time. If you are able to postpone required withdrawals, your first RMD would be ...

A target-date fund for retirees who aren't sure how to invest — and need to take RMDs - MarketWatch
2017-06-14

MarketWatchA target-date fund for retirees who aren't sure how to invest — and need to take RMDsMarketWatch“As with most retirement strategies, there is an audience for this type of investment,” said Beverly DeVeny, the chief IRA Analyst at Ed Slott & Company. “It would be good for an unsophisticated individual or one who is having trouble managing ...

Beware of Winging Your Retirement - Wall Street Journal (subscription)
2017-06-09

Wall Street Journal (subscription)Beware of Winging Your RetirementWall Street Journal (subscription)And if you're wondering, there is no formal definition of “still working,” notes Ed Slott, an IRA expert in Rockville Centre, N.Y. The employment can be part time or full time. If you are able to postpone required withdrawals, your first RMD would be ...

When you should establish an IRA as a trust - Financial Planning
2017-05-31

Financial PlanningWhen you should establish an IRA as a trustFinancial PlanningA trusteed IRA offers provisions beyond a custodial plan, but is it a good strategy for clients? That answer depends on several factors, including how much control — or not — the client wants their beneficiaries to have. Under the tax code, an IRA ...

7 smart ways every 30-something should be saving for retirement - Business Insider
2017-05-29

Business Insider7 smart ways every 30-something should be saving for retirementBusiness InsiderWhich one's best for you? Ed Slott, author of “Your Complete Retirement Planning Road Map,” believes that everybody should open a Roth if they can. That's because you save with after-tax dollars but the earnings on your investments grow tax-free forever.and more »

The appeal and pitfalls of holding unconventional assets in retirement accounts - InvestmentNews
2017-05-27

InvestmentNewsThe appeal and pitfalls of holding unconventional assets in retirement accountsInvestmentNewsRetirement investors and advisers concerned about generating income later in life amid a gloomy forecast for stocks and bonds may be eying more unconventional asset classes as a way to juice returns and diversify portfolios. While there may be benefits ...

Think About the 4 Pillars of Retirement Instead of Just Income - Kiplinger Personal Finance
2017-05-25

Kiplinger Personal FinanceThink About the 4 Pillars of Retirement Instead of Just IncomeKiplinger Personal Finance“If all or a portion of the conversion is reversed, an adjustment to the December 31, 2016, balance needs to be made, thus increasing the 2017 RMD,” says Jeffrey Levine, chief retirement strategist for Ed Slott and Co., an IRA consulting firm. Say, for ...and more »

IRA beneficiaries: How you designate them can affect inheritance - Newsday
2017-05-24

IRA beneficiaries: How you designate them can affect inheritanceNewsdayWhen designating more than one IRA beneficiary, it's very important to specify how much each is to receive, says Ed Slott, a Rockville Centre IRA expert. He recalls a mother who left her IRA to her six children, listing only their names on her ...

The pros and cons of retiring in a college town - MarketWatch
2017-05-17

MarketWatchThe pros and cons of retiring in a college townMarketWatchAt that point, the original IRA is considered to be your mother's IRA, as if she contributed all the funds, says Ed Slott, an IRA expert in Rockville Centre, N.Y. So, technically—even though your mother inherited the account—she isn't considered a ...

Under 60? Here's Why You Need An Online Social Security Account - Forbes
2017-05-09

ForbesUnder 60? Here's Why You Need An Online Social Security AccountForbes“It really is amazing to see your entire life's earnings on one-half of a page,” says Ed Slott, a CPA and retirement expert in Rockville Centre, N.Y. In his case, that spanned from a $254 entry posted in 1970 to last year's income already picked up by ...and more »

What to Consider Before Retiring in a College Town - Wall Street Journal (subscription)
2017-05-05

Wall Street Journal (subscription)What to Consider Before Retiring in a College TownWall Street Journal (subscription)At that point, the original IRA is considered to be your mother's IRA, as if she contributed all the funds, says Ed Slott, an IRA expert in Rockville Centre, N.Y. So, technically—even though your mother inherited the account—she isn't considered a ...

Who are these people who contribute to their IRAs? - CNBC
2017-04-26

CNBCWho are these people who contribute to their IRAs?CNBC"The lower participation in IRAs is a matter of behavioral finance, " said Jeffrey Levine, chief retirement strategist at Ed Slott and Co. in Rockville Centre, New York. Unlike with workplace retirement plans, people have to find an IRA provider, have ...and more »

So You Think You Need to Name a Trust as the Beneficiary of Your ... - Yahoo Finance
2017-04-26

So You Think You Need to Name a Trust as the Beneficiary of Your ...Yahoo FinanceIn two weeks I had three trusts come across my desk that were named as the beneficiary of the account owner's IRA. The first trust was a Colorado trust.and more »

Help clients use qualified charitable distributions to save on taxes - InvestmentNews
2017-04-14

InvestmentNewsHelp clients use qualified charitable distributions to save on taxesInvestmentNewsCharitable IRA rollovers, technically known as qualified charitable distributions, save taxes. So why aren't clients taking advantage of them? We're not seeing many people using them, when most clients who qualify should be. This tax benefit has been ...

Donald Trump vs. Bill Clinton: Same age, but different IRA rules - Yahoo Finance
2017-04-12

Donald Trump vs. Bill Clinton: Same age, but different IRA rulesYahoo FinanceTraditional IRA contributions can no longer be made for the year a person turns age 70 ½ or older. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group. He can be reached at irahelp.com.

Financial Spring Cleaning: Which Documents To Save And Which Papers To Toss - Forbes
2017-04-11

ForbesFinancial Spring Cleaning: Which Documents To Save And Which Papers To TossForbesRetirement - The most important paperwork item is the beneficiary form, says CPA Ed Slott, of N.Y. The beneficiary form you fill out when you open a retirement account—not your will/living trust— says who gets your account after your death. Make sure ...and more »

Retirement mistakes to avoid in your 20s and 30s - Yahoo Finance
2017-04-06

Yahoo FinanceRetirement mistakes to avoid in your 20s and 30sYahoo FinanceThe last thing millennials may be thinking about is retirement, but according to CPA and retirement expert Ed Slott, that should be the first thing on their minds. People in their 20s and 30s “go through more life transitions than at any other age ...and more »

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