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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 »

Health savings accounts are a great back-door way to fund your retirement - CNBC
2016-08-19

CNBCHealth savings accounts are a great back-door way to fund your retirementCNBC... withdrew $11.8 billion, according to Devenir. "People think, 'I put the money in there for health expenses. I have a health issue, so I'll use the money now,'" said Jeffrey Levine, chief retirement strategist at Ed Slott & Co. "That isn't the most ...and more »

Ask the Expert: In gifting money from IRA, make sure you can afford it - Newsday
2016-08-15

NewsdayAsk the Expert: In gifting money from IRA, make sure you can afford itNewsday“There are practical, enjoyable ways to have a lasting impact on his grandchildren that won't endanger his own survival, like taking them to the movies or to baseball games,” says Ed Slott, a Rockville Centre tax accountant. “Those are experiences they ...

Using Roth 401(k)s to 'Supersize' Retirement Savings: Ed Slott - ThinkAdvisor
2016-08-11

ThinkAdvisorUsing Roth 401(k)s to 'Supersize' Retirement Savings: Ed SlottThinkAdvisorYounger workers are increasingly attracted to Roth IRAs, but Roth 401(k)s allow them to save even more, IRA expert Ed Slott says.and more »

Roth 401(k)s a 'Supersized' Way for Clients to Save More: Ed Slott - ThinkAdvisor
2016-08-11

ThinkAdvisorRoth 401(k)s a 'Supersized' Way for Clients to Save More: Ed SlottThinkAdvisorWhile more and more young workers are attracted to the benefits of Roth IRAs, they should also be embracing Roth 401(k)s — “supersized” Roths that allow workers to save more, says IRA expert Ed Slott. Just-released research by the Investment Company ...and more »

Avoid this disastrous IRA blunder - Financial Planning
2016-08-08

Financial PlanningAvoid this disastrous IRA blunderFinancial PlanningEd Slott is the author of many books on IRAs. Steve's advisers joined another firm and became affiliated with a different custodian. Steve met with his advisers and decided to transfer his IRAs to the new custodian. In error, his advisers gave Steve a ...

How Retirees Can Make New Friends: Our Readers' Tips - Wall Street Journal
2016-08-07

Wall Street JournalHow Retirees Can Make New Friends: Our Readers' TipsWall Street JournalIf your wife dies before you and if your grandchildren inherit your Roth, they should first split the account into two separate, and properly titled, inherited Roth IRAs, says Ed Slott, an IRA specialist in Rockville Centre, N.Y. Example: “John Smith ...and more »

Here's what to do if you don't need your IRA cash right now - CNBC
2016-08-03

CNBCHere's what to do if you don't need your IRA cash right nowCNBCIt's a simple answer, said Ed Slott, IRA expert and owner of Ed Slott & Co. in Rockville Centre, New York. You are not allowed to make that conversion. However, you can use that money to pay taxes on other IRA dollars that you wish to convert. Here's a ...

RMDs can create future tax savings - InvestmentNews
2016-07-22

InvestmentNewsRMDs can create future tax savingsInvestmentNews... and can reduce the related loss of deductions, credits and exemptions that can result from higher income. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group. He can be reached at ...and more »

Jeffrey Levine - Credit Union Times
2016-07-16

Jeffrey LevineCredit Union TimesJeffrey Levine is an IRA Technical Consultant with Ed Slott and Company, LLC. He is an expert in IRA distribution planning and is a consultant for both advisors and clients. Jeffrey is a contributing writer and editor for Ed Slott's IRA Advisor ...

How to work around potential caps to your IRA and 401(k) - CNBC
2016-07-12

CNBCHow to work around potential caps to your IRA and 401(k)CNBC"The budget is more of a wish list," said Jeffrey Levine, CPA and chief retirement strategist at Ed Slott and Co. In the past, "of the 15 or 16 retirement-related proposals [Obama] made, none of them happened," he said. Right now, IRA and 401(k) plan ...and more »

Defining your brand can build a bridge to clients - Financial Planning
2016-07-01

Defining your brand can build a bridge to clientsFinancial PlanningExamples include, “Ken Fisher hates annuities, and so should you” and “Ed Slott can tell you how to parlay your IRA into a family fortune.” “Each of these monikers has a strong brand name recognition with the public, making it simple to understand the ...and more »

A fatal IRA rollover error - Financial Planning
2016-06-22

A fatal IRA rollover errorFinancial PlanningSome clients' 2015 tax returns are being hit with costly penalties because of a new ruling about the once-per-year IRA rollover rule. Only one 60-day IRA-to-IRA rollover can be done per year (365 days) by an individual, regardless of how many IRAs he ...and more »

Who's keeping track of IRA basis? - InvestmentNews
2016-06-10

InvestmentNewsWho's keeping track of IRA basis?InvestmentNewsBut advisers can help here by providing annual IRA basis information to clients or by keeping clients' basis information on file to assist tax preparers. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite ...and more »

The sneaky but probably legal way rich people shield retirement savings from taxes - Vox
2016-06-06

VoxThe sneaky but probably legal way rich people shield retirement savings from taxesVoxI asked Jeff Levine, an IRA expert at the advising firm Ed Slott and Company, if there were any pitfalls people should watch for when making a backdoor Roth contribution. The biggest pitfall, he told me, occurs if you already have a traditional IRA ...and more »

Here's some help for deciding what to do in retirement - MarketWatch
2016-05-28

MarketWatchHere's some help for deciding what to do in retirementMarketWatchWhat's more, the still-working exception applies only to the company where you're currently employed, says Ed Slott, a certified public accountant and IRA specialist in Rockville Centre, N.Y.. If you have a 401(k), for instance, with a former employer ...

Should you assume you'll live until 100 for your nest egg? - MarketWatch
2016-05-21

MarketWatchShould you assume you'll live until 100 for your nest egg?MarketWatchThere is no such thing as a “joint” 401(k) or a “joint” 403(b), says Ed Slott, a certified public accountant and individual-retirement-account specialist in Rockville Centre, N.Y. When the time comes, participants in retirement plans must make ...

Reporting a Required Minimum Distribution to Charity on Your Tax Return - Nasdaq
2016-05-19

NasdaqReporting a Required Minimum Distribution to Charity on Your Tax ReturnNasdaqBe sure to add "QCD" (for qualified charitable distribution) next to that line to explain why the distribution is tax-free, says Jeff Levine, chief retirement strategist for IRA consulting firm Ed Slott & Co. You'll receive Form 1099-R reporting the ...

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