You are here

In The News

Inherited IRAs come with RMD strings attached - USA TODAY
2016-11-09

USA TODAYInherited IRAs come with RMD strings attachedUSA TODAYQ: My sister, who was two years older than me, died in 2003 leaving a small IRA for my nephew, my niece and myself. The distribution in writing was 50% for me and 25% each for my niece and nephew. The financial institution distributed 33% to both niece ...

Ask Kim: How do I figure my life expectancy for taking RMDs? - Chicago Tribune
2016-11-03

Ask Kim: How do I figure my life expectancy for taking RMDs?Chicago TribuneHowever, there are a few exceptions to the rule, and one of them is related to death during the year, says Jeffrey Levine, director of retirement education for Ed Slott and Co., an IRA consulting firm. Your RMD can still be calculated using the joint ...

New IRS rule could save $20000 on botched IRA rollovers - USA TODAY
2016-11-02

USA TODAYNew IRS rule could save $20000 on botched IRA rolloversUSA TODAYIn one fell swoop, this new guidance will save thousands of IRAs from the harsh bite of needless and accelerated taxation, according to Jeffrey Levine, chief retirement strategist with Ed Slott & Co. Levine answered our questions about the new guidance ...

The Biggest Mistake People Make Nearing Retirement - Wall Street Journal
2016-10-23

Wall Street JournalThe Biggest Mistake People Make Nearing RetirementWall Street JournalBut you certainly can act sooner than that, says Ed Slott, an IRA specialist in Rockville Centre, N.Y.. The year in which a person turns 70½ is his or her first “distribution year.” The first funds withdrawn from an IRA in a distribution year are ...

Distinct Differences Between Roth IRAs and Roth Balance in Your TSP - FEDweek
2016-10-17

Distinct Differences Between Roth IRAs and Roth Balance in Your TSPFEDweekA website that has lots of information on the ins and outs of IRAs (as well as a way to locate trained advisers) is https://www.irahelp.com/, this is the website of Ed Slott and Company. Though Slott's main business is training financial advisers in ...and more »

Answers to advisers' top questions on IRS' late IRA rollover relief - InvestmentNews
2016-10-14

InvestmentNewsAnswers to advisers' top questions on IRS' late IRA rollover reliefInvestmentNewsOct 14, 2016 @ 11:00 am. By Ed Slott. Share. + Zoom. On Aug. 24, the Internal Revenue Service issued Revenue Procedure 2016-47, providing immediate relief for most late 60-day rollovers. Here are questions advisers are asking about the new rules:.

Merrill Lynch hammers nail in coffin for investment commissions ... - KHOU.com
2016-10-12

KHOU.comMerrill Lynch hammers nail in coffin for investment commissions ...KHOU.comThe Labor Department's fiduciary rule doesn't go into effect until April, but firms already are changing the way they do business with investors. Merrill Lynch, the ...and more »

How you pay for investment advice is changing - USA Today - USA TODAY
2016-10-12

USA TODAYHow you pay for investment advice is changing - USA TodayUSA TODAYThe Labor Department's fiduciary rule doesn't go into effect until April, but Merrill Lynch's recent move shows that firms are already changing the way they do ...and more »

How to Calculate Your Life Expectancy When Taking RMDs - Kiplinger Personal Finance
2016-10-07

Kiplinger Personal FinanceHow to Calculate Your Life Expectancy When Taking RMDsKiplinger Personal FinanceHowever, there are a few exceptions to the rule, and one of them is related to death during the year, says Jeffrey Levine, director of retirement education for Ed Slott and Co., an IRA consulting firm. Your RMD can still be calculated using the joint ...and more »

To roll or not: That will be the question come April 2017 - MarketWatch
2016-09-30

To roll or not: That will be the question come April 2017MarketWatchFees and expenses – First, determine what the fees and expenses will be for your new account and investments vs. your existing account and investments, said Jeffrey Levine, chief retirement strategist and director of retirement education at Ed Slott ...

IRS more lenient on 60-day rollover - InvestmentNews - InvestmentNews
2016-09-25

InvestmentNewsIRS more lenient on 60-day rollover - InvestmentNewsInvestmentNewsFiling late used to be difficult and costly to correct, but new rule alleviates a lot of the pain.and more »

Will the state take your client's IRA? It can - InvestmentNews
2016-09-16

InvestmentNewsWill the state take your client's IRA? It canInvestmentNewsCan the state really make off with your client's IRA? Yes! It's called escheatment and states have been using this tactic more aggressively to bring in money. In a recent private letter ruling (PLR 201611028, released by IRS on March 11, 2016), the IRS ...

QLACs Can Deliver Late-in-Life Income - Kiplinger Personal Finance
2016-09-09

Kiplinger Personal FinanceQLACs Can Deliver Late-in-Life IncomeKiplinger Personal Finance... just $87 million of the $729 million invested in deferred annuities went to QLACs, according to LIMRA, a life-insurance company trade group. Part of the reluctance is that today's record-low interest rates are built into returns. But IRA expert Ed ...

Memo to divorcing boomers: Watch your assets - CNBC
2016-09-09

CNBCMemo to divorcing boomers: Watch your assetsCNBCWhen a marriage ends, it's also a good time to check or change the beneficiaries of those accounts, said Jeffrey Levine, chief retirement strategist at Ed Slott & Co. "After any life event, and especially a divorce, people should always be sure to ...

Goldstein on Gelt: What Happens to Your IRA Account When You Move Overseas? - The Jewish Press (blog)
2016-09-05

Goldstein on Gelt: What Happens to Your IRA Account When You Move Overseas?The Jewish Press (blog)IRA expert Ed Slott, author of Ed Slott's 2016 Retirement Decisions Guide, presents options of what you should do with your IRA (Individual Retirement Account) when you move to Israel. When living and saving for retirement in Israel, Americans need to ...

4 Ways to Make the Most of an Inherited IRA - Kiplinger Personal Finance
2016-09-01

Kiplinger Personal Finance4 Ways to Make the Most of an Inherited IRAKiplinger Personal FinanceEach heir can then devise a personal investment strategy and, notes Jeffrey Levine, chief retirement strategist for IRA advice firm Ed Slott and Co., name his or her own beneficiaries. 3. Pay out a nonperson's share. If you are named an heir along with ...

Wealth Adviser Daily Briefing: IRS Gives a Gift, Obama Nudges States on Retirement Plans - Wall Street Journal (blog)
2016-08-26

Wealth Adviser Daily Briefing: IRS Gives a Gift, Obama Nudges States on Retirement PlansWall Street Journal (blog)People have lost retirement accounts because they were unaware of the 60-day limit,” Ed Slott, an IRA expert who practices in Rockville Centre, N.Y., told the WSJ. Below, some of the best analysis and insight from WSJ writers and columnists, and beyond ...

IRS gives break to people who miss IRA rollover window - San Francisco Chronicle
2016-08-25

San Francisco ChronicleIRS gives break to people who miss IRA rollover windowSan Francisco ChronicleMost of these excuses could be claimed in a private letter ruling, but now they are more explicit, said Jeff Levine, chief retirement strategist with Ed Slott and Co. The revenue procedure includes a sample letter you can file with the trustee or ...all 9 news articles »

IRS Eases a Costly Tax Pitfall for Retirement Savers - Money Magazine
2016-08-24

Money MagazineIRS Eases a Costly Tax Pitfall for Retirement SaversMoney Magazine“This is a big deal and it will help a lot of people,” says Ed Slott, a certified public accountant and founder of www.IRAhelp.com. Before, affected savers not only faced taxes and penalties but saw the affected sums lose their tax-advantaged status ...and more »

IRS Grants Sweeping Relief To Retirement Savers Who Miss - Forbes - Forbes
2016-08-24

ForbesIRS Grants Sweeping Relief To Retirement Savers Who Miss - ForbesForbesIn a surprise move, the Internal Revenue Service today made it dramatically easier and cheaper for taxpayers who miss the 60 day deadline for rolling over ...and more »

Pages