You are here

In The News

Are You Financially Ready But Emotionally Unprepared For Retirement? - Kiplinger Personal Finance
2017-07-19

Kiplinger Personal FinanceAre You Financially Ready But Emotionally Unprepared For Retirement?Kiplinger Personal FinanceBut, as Ed Slott, a CPA, noted in Financial Planning magazine, there's a push in Washington to end “stretch” IRAs and restore the original rule on inherited IRAs, which had a five-year payout on debt. With the national debt expected to exceed $20 ...and more »

What if couples want to retire to different places? - MarketWatch
2017-07-18

What if couples want to retire to different places?MarketWatchActually, the check can be more than $100,000 if you wish, but only $100,000 would qualify as a QCD, notes Ed Slott, an IRA expert in Rockville Centre, N.Y. Any excess over the $100,000 would carry over as an itemized tax deduction, if you itemize.

9 Ways To Avoid The 10% Penalty On Early-Withdrawals From An IRA - Investor's Business Daily
2017-07-11

Investor's Business Daily9 Ways To Avoid The 10% Penalty On Early-Withdrawals From An IRAInvestor's Business Daily"Also, you don't need to itemize deductions to use this penalty exception," said Ed Slott, founder of IRAhelp.com. Health care insurance. If you are unemployed, you are allowed to withdraw enough money penalty-free from your traditional IRA to pay for ...

What to Do When He Wants to Retire One Place, She Another - Wall Street Journal (subscription)
2017-07-07

Wall Street Journal (subscription)What to Do When He Wants to Retire One Place, She AnotherWall Street Journal (subscription)Actually, the check can be more than $100,000 if you wish, but only $100,000 would qualify as a QCD, notes Ed Slott, an IRA expert in Rockville Centre, N.Y. Any excess over the $100,000 would carry over as an itemized tax deduction, if you itemize.

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 ...

5 costly inherited IRA mistakes - InvestmentNews
2017-05-12

InvestmentNews5 costly inherited IRA mistakesInvestmentNewsInherited individual retirement account mistakes are expensive and often fatal, meaning they cannot be fixed like some other IRA mistakes can. Advisers should have their antennas up when an IRA owner dies and leaves the IRA to a non-spouse beneficiary, ...

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 »

Pages