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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 »

Thinking of downsizing in retirement? Consider these questions - MarketWatch
2017-01-17

MarketWatchThinking of downsizing in retirement? Consider these questionsMarketWatchYes, the accounts can be combined—as long as the grandchildren are named as the beneficiaries on the Roth IRA beneficiary form for each Roth IRA when the last grandparent dies, says Ed Slott, an IRA specialist in Rockville Centre, N.Y. Also, a ...and more »

"Have It Your Way" Retirement Accounts: 4 Things to Know About Self-Directed IRAs - Motley Fool
2017-01-13

Motley Fool"Have It Your Way" Retirement Accounts: 4 Things to Know About Self-Directed IRAsMotley Foolsaid Jeffrey Levine, chief retirement strategist and director of retirement education at Ed Slott and Co. That's all possible, said Levine. But if you do, it's important to understand what you own and how you can make, or lose, money. A self-directed ...and more »

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 »

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