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Year-end tax tip: What files to keep, what to throw away - MarketWatch
2015-12-23

MarketWatchYear-end tax tip: What files to keep, what to throw awayMarketWatchTaxpayers also need to review what IRA documents/form they should keep, for how long, and where, said Jeffrey Levine, an IRA technical consultant with Ed Slott and Company in Rockville Centre, N.Y. “Far and away the most important IRA-related document ...

You should get to know: Eric Peterson - DesMoinesRegister.com
2015-12-21

DesMoinesRegister.comYou should get to know: Eric PetersonDesMoinesRegister.comI am the only Ed Slott Master Elite IRA Advisor in central Iowa. Why I do what I do: I enjoy solving problems for people and making sure they achieve the retirement that they have always envisioned. What I do to get away from work: I enjoy golfing ...

Beware the early distribution penalty - InvestmentNews
2015-12-20

InvestmentNewsBeware the early distribution penaltyInvestmentNewsThe distribution would still be taxable and subject to the 10% penalty. Note 2013 changes to 10% penalty exception for medical expenses. Ed Slott, a certified public accountant, created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group.and more »

Beware the early distribution penalty - InvestmentNews - InvestmentNews
2015-12-20

InvestmentNewsBeware the early distribution penalty - InvestmentNewsInvestmentNewsWithdrawals before age 591/2 from plans and IRAs that are used to pay medical bills are generally exempt from the 10% early distribution penalty. But not all ...and more »

You Can Give Your 2015 IRA Required Distribution to Charity Now - Kiplinger Personal Finance
2015-12-18

Kiplinger Personal FinanceYou Can Give Your 2015 IRA Required Distribution to Charity NowKiplinger Personal FinanceContact your IRA administrator right away and ask about the procedures and time frame for making the transfer, recommends Jeff Levine, director of retirement education for Ed Slott and Company, which provides IRA advice. Find out whether you'll need to ...Congress Gives Americans a Tax Gift for ChristmasWall Street Journalall 182 news articles »

Congress Gives Americans a Tax Gift for Christmas--Update - Nasdaq
2015-12-18

Congress Gives Americans a Tax Gift for Christmas--UpdateNasdaq"Don't let a $25 tote bag cost you thousands of dollars in tax benefits," says Ed Slott, a CPA and IRA expert in Rockville Centre, New York. -- State and local sales-tax deduction. This provision allows taxpayers to deduct sales-tax payments instead of ...and more »

Congress Gives Americans a Tax Gift for Christmas - Nasdaq
2015-12-18

Congress Gives Americans a Tax Gift for ChristmasNasdaq"Don't let a $25 tote bag cost you thousands of dollars in tax benefits," says Ed Slott, a CPA and IRA expert in Rockville Centre, NY. -- State and local sales-tax deduction. This provision allows taxpayers to deduct sales-tax payments instead of state ...and more »

Congress Gives Americans a Tax Gift for Christmas - Wall Street Journal
2015-12-18

Wall Street JournalCongress Gives Americans a Tax Gift for ChristmasWall Street JournalCongress's Christmas-tree tax bill contains surprising presents: permanent extensions of tax benefits for individuals that have long been temporary. The Protecting Americans from Tax Hikes Act of 2015, or PATH, is expected to pass in current form by ...and more »

Congress Poised to Make Tax Break for IRA Charitable Transfers Permanent - Wall Street Journal
2015-12-16

Wall Street JournalCongress Poised to Make Tax Break for IRA Charitable Transfers PermanentWall Street Journal“IRA transfers are often the most tax-efficient way for people to make their charitable donations, but donors need to move quickly,” says Ed Slott, a CPA and IRA expert in Rockville Centre, NY. To count for 2015, transfers must be made before the end ...and more »

Are you required to take an IRA minimum distribution? Decoding RMDs - USA TODAY
2015-12-03

USA TODAYAre you required to take an IRA minimum distribution? Decoding RMDsUSA TODAY"A person's first RMD must be taken by this time," says Jeffrey Levine , a certified public accountant and IRA technical consultant with Ed Slott and Co. in Rockville Centre, N.Y. "However, if they wait until the year after they turn 70½ to take their ...

Don't Make These Common IRA Distribution Mistakes - Nasdaq
2015-12-02

Don't Make These Common IRA Distribution MistakesNasdaqRequired minimum distributions for clients with IRAs and other retirement accounts are often taken near year-end. The required beginning date for RMDs is generally April 1, following the year the client turns age 70 ½, but after that RMDs are due by ...and more »

Don't Make These Common IRA Distribution Mistakes - Financial-Planning.com
2015-12-01

Don't Make These Common IRA Distribution MistakesFinancial-Planning.comRequired minimum distributions foR clients with IRAs and other retirement accounts are often taken near year-end. The required beginning date for RMDs is generally April 1, following the year the client turns age 70 ½, but after that RMDs are due by ...and more »

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 »

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