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New Social Security Strategies for Couples - Wall Street Journal
2015-11-29

Wall Street JournalNew Social Security Strategies for CouplesWall Street JournalTax law would allow you to roll money from your IRA to a 401(k), but your 401(k) plan may not allow that, says Ed Slott, a certified public accountant and IRA specialist in Rockville Centre, N.Y.. Further, Mr. Slott says he would generally recommend ...and more »

Attorney learns the wrong way to deduct IRA losses - InvestmentNews
2015-11-20

InvestmentNewsAttorney learns the wrong way to deduct IRA lossesInvestmentNewsGiven the recent market volatility, advisers have questioned whether you can deduct losses incurred within an IRA. The answer is no. Losses as well as gains are never recognized within an IRA. That was always the case, but that didn't stop an attorney ...and more »

Do I Need Life Insurance After I Retire? - Forbes
2015-11-18

ForbesDo I Need Life Insurance After I Retire? Forbes Ed Slott, CPA, cited as “America's IRA Expert”, feels that life insurance is the best inheritance you can leave behind, even more valuable than allowing your beneficiaries to “Stretch” your IRAs over their lifetimes. He cites 3 reasons why life ...

Wealth Adviser Daily Briefing: You Don't Want to Save on Taxes? Really? - Wall Street Journal (blog)
2015-11-17

 Wealth Adviser Daily Briefing: You Don't Want to Save on Taxes? Really?Wall Street Journal (blog) But there is an exception for certain U.S.-minted gold coins and high-grade bullion, IRA specialist Ed Slott writes on FinancialPlanning.com. Still, some IRA custodians won't hold physical gold for investors. And if clients buy the wrong gold for an ...

Retirement Account Mistakes--Not For Dummies - Forbes
2015-11-16

ForbesRetirement Account Mistakes--Not For DummiesForbes... consider this: a U.S. Tax Court judge ruled last year that a tax lawyer couldn't use an IRS publication in his defense, because the IRS itself had misinterpreted a provision of the law relating to IRA rollovers. “Even the IRS is confused,'' marvels ...and more »

'Financial Fitness' columnist Walter Pardo IRA trained - MyCentralJersey.com
2015-11-12

MyCentralJersey.com'Financial Fitness' columnist Walter Pardo IRA trainedMyCentralJersey.com“Many investors are concerned for their financial future” said Ed Slott, CPA, a nationally recognized IRA expert who was named “The Best Source for IRA Advice” by “The Wall Street Journal.” “We educate these top advisors on how to identify IRA related ...

Trading Stocks in an IRA Can Minimize Taxes - NerdWallet (blog)
2015-11-05

NerdWallet (blog)Trading Stocks in an IRA Can Minimize Taxes NerdWallet (blog) But IRAs are treated differently, says Ed Slott, an IRA expert and creator of IRAhelp.com. “You can have unlimited transactions in an IRA and never have to worry about taxes,” Slott explains. “Not only that, but none of those stock trades are ever ...and more »

Use this Social Security strategy while you can - CNBC
2015-11-05

CNBCUse this Social Security strategy while you can CNBC "Under the current rules, once you reach your full retirement age, you are able to file for your Social Security benefits, but request that such benefit not actually be paid," said Jeffrey Levine, a certified public accountant and IRA technical ...and more »

A Tax Deduction That's Often Overlooked - Wall Street Journal
2015-11-01

Wall Street JournalA Tax Deduction That's Often Overlooked Wall Street Journal The good news: Unlike many other such deductions, it can be claimed in full because it's exempt from a rule that requires you to add up your deductions and claim only the amounts that exceed 2% of adjusted gross income, says IRA expert Ed Slott. And if ...

Gail MarksJarvis: Retirees can stretch their savings with Roth IRAs - News & Observer
2015-10-25

 Gail MarksJarvis: Retirees can stretch their savings with Roth IRAsNews & Observer When people look at their 401(k)s and IRAs "they should recognize that it's not all theirs," said IRA adviser Ed Slott. While people often try to conserve their savings by not tapping 401(k)s or IRAs early in retirement, the tax bill ultimately comes ...

How to avoid year-end RMD errors - InvestmentNews
2015-10-25

 How to avoid year-end RMD errors InvestmentNews ... decedent (Form 1041) or on the decedent's final income tax return (Form 1040), as even some CPAs think. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group. He can be reached at irahelp ...

Ed Slott Brings Exclusive IRA Training to Brokers International's Retirement ... - PR Web (press release)
2015-10-16

PR Web (press release)Ed Slott Brings Exclusive IRA Training to Brokers International's Retirement ...PR Web (press release)Because it can be challenging to not only understand IRA rules, but to also stay up-to-date on the newest IRA changes, we felt Ed Slott was the perfect addition to our Retirement Recharge roster," said Kelly McCarty, Executive VP, Brokers International.and more »

With Markets Shaky, You Need to Check Your IRA - MainStreet
2015-10-13

MainStreetWith Markets Shaky, You Need to Check Your IRAMainStreet “You would want to recharacterize if the value of your converted funds declined and you don't want to pay tax on value that no longer exists,” said nationally recognized IRA expert Ed Slott, founder of Ed Slott & Company and Creator of IRAhelp.com.and more »

Sidestep a Tax Hit by Reconstructing IRA Basis - Financial-Planning.com
2015-10-06

 Sidestep a Tax Hit by Reconstructing IRA BasisFinancial-Planning.com How can you prove your client has IRA basis (after-tax funds) when it hasn't been reported to the IRS? If the IRA basis cannot be proved or reconstructed, then those after-tax IRA funds (the basis — which should come out tax-free), will be taxed when ...

Why It's a Prime Time for a Roth IRA - Wall Street Journal
2015-10-02

Wall Street JournalWhy It's a Prime Time for a Roth IRAWall Street Journal People who did Roth IRA conversions either last year or this year should also do a check, says Ed Slott, an IRA specialist who is a certified public accountant in Rockville Centre, N.Y. If the account value has dropped, the owner may be able to reverse ...and more »

A Trick to Saving for Retirement If You Earn Too Much - Nasdaq
2015-09-20

 A Trick to Saving for Retirement If You Earn Too MuchNasdaq But assuming you plan to keep the money in the Roth for a number of years, Kitces says, "the fact you waited a year is irrelevant." Jeffrey Levine, IRA technical consultant with Ed Slott and Co., suggests waiting one statement cycle. The paperwork will ...and more »

Law expands 10% penalty exception for public safety workers - InvestmentNews
2015-09-18

InvestmentNewsLaw expands 10% penalty exception for public safety workersInvestmentNews Beginning in 2016, clients who are public safety workers will have new options to tap their government retirement plans in their fifties without penalty. All employer retirement plans are now included in this exceptions, but not IRAs. Ed Slott, a ...

How to Contribute to a Roth IRA If You Earn Too Much - Kiplinger Personal Finance
2015-09-18

 How to Contribute to a Roth IRA If You Earn Too MuchKiplinger Personal Finance Jeffrey Levine, IRA technical consultant with Ed Slott and Co., suggests waiting one statement cycle. The paperwork will show the money was put into a traditional IRA first, and you can get the money into a Roth sooner for tax-free growth. More on Roth ...and more »

Amid Market Turmoil, Don't Make These Four Retirement Mistakes - NBCNews.com
2015-09-03

NBCNews.comAmid Market Turmoil, Don't Make These Four Retirement MistakesNBCNews.com So some states don't do it through income taxes, which makes them attractive, but they have lots of other 'nuisance' taxes," said tax adviser Ed Slott, author of "Fund Your Future: A Tax Smart Savings Plan in Your 20s and 30s." "Somewhere you pay for a ...and more »

4 mistakes that could ruin your retirement - CNBC
2015-09-03

CNBC4 mistakes that could ruin your retirementCNBC So some states don't do it through income taxes, which makes them attractive, but they have lots of other 'nuisance' taxes," said tax advisor Ed Slott, author of "Fund Your Future: A Tax Smart Savings Plan in Your 20s and 30s." "Somewhere you pay for a ...and more »

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