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These excuses won't save you money on taxes - CNBC
2017-02-28

CNBCThese excuses won't save you money on taxesCNBCThis is predicated on the idea that if business profits are funneled through the Roth, they will be tax free, said CPA Ed Slott, founder of Ed Slott and Co. in Rockville Centre, New York. Under normal circumstances, withdrawals from a Roth IRA are ...and more »

20 IRA Mistakes to Avoid - Morningstar.com
2017-02-28

20 IRA Mistakes to AvoidMorningstar.comIRA expert Ed Slott discusses considerations to bear in mind when deciding who should inherit your IRA in this video. 20. Not Seeking Advice on an Inherited IRA Inheriting an IRA can be a wonderful thing, but it's not as simple as it sounds. The ...and more »

Ask Kim: Can a high earner set up a Roth IRA? - Chicago Tribune
2017-02-26

Ask Kim: Can a high earner set up a Roth IRA?Chicago TribuneThis includes money in SEP and SIMPLE IRAs, says Jeffrey Levine, director of retirement education for Ed Slott & Co., which provides IRA advice. For example, if you have a total traditional IRA balance of $20,000 and $5,000 is from nondeductible ...

Where retirees can find continuing-ed classes - MarketWatch
2017-02-24

MarketWatchWhere retirees can find continuing-ed classesMarketWatchSecond, check to see if your retirement plan includes highly appreciated company stock, says Ed Slott, an IRA expert in Rockville Centre, N.Y. If so, you might benefit from a tax break for “net unrealized appreciation,” or NUA. In short, you would ...

For early filers, that tax-refund check is in the mail - CNBC
2017-02-21

CNBCFor early filers, that tax-refund check is in the mailCNBC"The IRS is trying to be more careful about refunds," said Ed Slott, a CPA and founder of Ed Slott and Co. in Rockville Centre, New York. "Identity thieves file fake returns early and collect the refunds." Thieves have a variety of ways to snag your ...and more »

Tax tips for boomers taking required minimum IRA distributions - Philly.com
2017-02-17

Philly.comTax tips for boomers taking required minimum IRA distributionsPhilly.com"Those who are the biggest savers get hit the hardest because they saved the most," said Ed Slott, who advises retirees and hosts a public-television show on saving and retirement vehicles. (He'll be appearing March 13 on WHYY in Philadelphia).

Tax refund checks are finally in the mail - CNBC
2017-02-17

CNBCTax refund checks are finally in the mailCNBCEarly taxpayers who've had their refunds delayed by the IRS will now get their checks. If you qualified for the earned income tax credit or the additional child tax credit, and you turned in your return early — considering tax season started on Jan ...Where's My Refund? - It's Quick, Easy and Secure. - IRS.govIRS.govall 60 news articles »

Early tax filers will start getting their refunds from the IRS - Yahoo Finance UK
2017-02-17

Early tax filers will start getting their refunds from the IRSYahoo Finance UK"The IRS is trying to be more careful about refunds," said Ed Slott, a CPA and founder of Ed Slott and Co. in Rockville Centre, New York. "Identity thieves file fake returns early and collect the refunds." Thieves have a variety of ways to snag your ...

This Tax Trick Could Be Incredibly Useful in 2017 - Money Magazine
2017-02-16

Money MagazineThis Tax Trick Could Be Incredibly Useful in 2017Money Magazine“It's about the only tax do-over you can get,” says CPA Jeffrey Levine of Ed Slott & Co. One reason such a “recharacterization” could be particularly valuable this year is that Washington is working on proposals that may lower income tax brackets. That ...8 IRA-Related Mistakes Young Professionals Need To AvoidForbesall 17 news articles »

8 IRA-Related Mistakes Young Professionals Need To Avoid - Forbes
2017-02-16

Forbes8 IRA-Related Mistakes Young Professionals Need To AvoidForbesFor those deciding what kind of IRA to open, when you should open it, and how much you should be contributing, I outlined pitfalls to avoid with help from Ed Slott, a CPA and retirement expert who wrote Fund Your Future; A Tax-Smart Savings Plan in ...and more »

Don't celebrate that giant tax refund - CNBC
2017-02-15

CNBCDon't celebrate that giant tax refundCNBC"Psychologically, it's not a terrible thing to have a little bit of a refund," said Jeffrey Levine, chief retirement strategist at Ed Slott and Co. in Rockville Centre, New York. "But if you overpay throughout the year, it's not the right move." Here's ...and more »

How to help millennials avoid big mistakes with their IRAs - InvestmentNews
2017-02-14

InvestmentNewsHow to help millennials avoid big mistakes with their IRAsInvestmentNewsMillennials need retirement help. They're making critical IRA mistakes that will cost them exponentially over time. They need human advisers, not just robo-advisers who offer no guidance. Advisers can tap into the millennial IRA market through existing ...and more »

A note to Retirement Weekly readers - MarketWatch
2017-02-10

A note to Retirement Weekly readersMarketWatchOne such change: We are launching “Retirement Adviser,” a new department that will feature articles written by advisers who are members of Ed Slott's Elite IRA Advisor Group, an organization of financial advisers dedicated to being retirement account ...

33 Smart Ways to Cut Your Taxes Right Now - Yahoo Finance
2017-02-06

Yahoo Finance33 Smart Ways to Cut Your Taxes Right NowYahoo FinanceBut it's not risky to go ahead, since you can undo a 2017 Roth conversion as late as mid-October 2018. “It's about the only tax do-over you can get,” says CPA Jeffrey Levine of Ed Slott & Co. Do this only if you can pay taxes with money outside your ...and more »

Where Retirees Can Find Continuing-Ed Classes - Wall Street Journal
2017-02-05

Wall Street JournalWhere Retirees Can Find Continuing-Ed ClassesWall Street JournalSecond, check to see if your retirement plan includes highly appreciated company stock, says Ed Slott, an IRA expert in Rockville Centre, N.Y. If so, you might benefit from a tax break for “net unrealized appreciation,” or NUA. In short, you would ...

Steer clear of these taboo IRA investments - Financial Planning
2017-02-01

Financial PlanningSteer clear of these taboo IRA investmentsFinancial PlanningMost clients make conventional IRA investments in vehicles such as stocks, bonds, index funds, ETFs and CDs. But IRA investors can put their money toward pretty much anything, other than life insurance and collectibles. Advisers must alert clients to ...and more »

4 Tips for Completing IRA Rollovers the Right Way - Accountingweb.com
2017-01-25

Accountingweb.com4 Tips for Completing IRA Rollovers the Right WayAccountingweb.com“The court's ruling directly conflicted with long-standing precedent,” recalled retirement specialist Ed Slott in Investment News. Know Your Rollovers For investors, accountants, and financial advisors, IRA rollover decisions are growing in importance.and more »

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 »

The Two Gifts of the Tax Code - Basking Ridge NJ News - TAPinto - TAPinto.net
2017-01-17

TAPinto.netThe Two Gifts of the Tax Code - Basking Ridge NJ News - TAPintoTAPinto.netThe two gifts of the tax code are the Roth conversion and life insurance.” -Ed Slott, CPA.and more »

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