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Donald Trump vs. Bill Clinton: Same age, but different IRA rules - InvestmentNews
2017-03-13

InvestmentNewsDonald Trump vs. Bill Clinton: Same age, but different IRA rulesInvestmentNewsBoth Presidents Donald J. Trump and Bill Clinton turned age 70 in 2016. They were both born in 1946 and are in the first group of baby boomers to be subject to the age 70 ½ required minimum distribution rules, assuming of course they both have IRAs.and more »

ETFs & Funds - Investor's Business Daily
2017-03-10

Investor's Business DailyETFs & FundsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »

How To Sidestep Traps Hidden In Your IRAs - Investor's Business Daily
2017-03-10

Investor's Business DailyHow To Sidestep Traps Hidden In Your IRAsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »

How A High-Earner Couple Got $100000 Into Roth IRAs Via The Backdoor - Forbes
2017-03-06

ForbesHow A High-Earner Couple Got $100000 Into Roth IRAs Via The BackdoorForbesJeffrey Levine, chief retirement strategist for IRA expert Ed Slott & Co., just helped a 30-year-old emergency room doctor who earned $325,000 last year do backdoor Roths for the 2016 and 2017 tax years. “The earlier you start the better off you are ...and more »

This tax-season foul up will cost you — and your Roth IRA - Yahoo Finance
2017-03-03

Yahoo FinanceThis tax-season foul up will cost you — and your Roth IRAYahoo FinanceIf you made too much money last year and contributed to this tax-advantaged account, your finances are about to take a hit.and more »

This tax-season foul-up will cost you — and your Roth IRA - CNBC
2017-03-03

CNBCThis tax-season foul-up will cost you — and your Roth IRACNBC"You got a big bonus at the end of the year or you've just gotten married, and you're not aware of how high your income is," said Jeffrey Levine, chief retirement strategist at Ed Slott & Co. in Rockville Centre, New York. "It's a hot button for ...and more »

Boomer tax tip: Take required minimum IRA distributions - ReporterNews.com
2017-03-01

ReporterNews.comBoomer tax tip: Take required minimum IRA distributionsReporterNews.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. “RMDs really change the way you do taxes. When you're working, ...

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 »

Inheriting IRA trouble - Financial Planning
2017-02-17

Financial PlanningInheriting IRA troubleFinancial PlanningIRAs are great financial tools that carry valuable tax advantages, and are an important part of many clients' portfolios. When IRAs are part of an estate, however, they are subject to rules that are highly inflexible. When survivors receive advice that ...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 »

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