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Welcome to The Slott Report - IRA and Retirement Planning Information

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Do I HAVE to Take Distributions From My Traditional IRA?

ed slott IRA questions
This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, includes questions on some key IRA principles - taking IRA distributions, handling an inherited IRA as a non-spouse beneficiary and navigating required minimum distributions (RMDs).

3 Rules You Must Know About the 3.8% Surtax

3.8% surtax net investment income
The rules governing the 3.8% surtax are incredibly complicated, and it is unlikely that you will ever need to know more than a handful of them. If you have an IRA or other retirement account, that handful of rules likely includes one or more of the three discussed in this article.

Who's Answering the 800 Number? Perhaps a Retirement Education "Specialist"

retirement education specialist can be inaccurate job title
Who is answering the phone when you call an 800 number with a question about your employer plan? In many cases it is a “retirement education specialist.” I recently saw an ad for this position. Here is what the retirement education specialist is responsible for.

Can You Use Your IRA to Buy Health Insurance?

using IRA to buy health insurance
We were recently asked whether you can use your IRA to buy health insurance. The short answer to that question is yes, but it will cost you. We explain the tax and penalty implications and possible exceptions for which you may qualify.

Will My Federal Estate Tax Exemption Transfer to My Spouse?

ed slott IRA questions
This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, includes questions on concluding if the "age 55 rule" is applicable and understanding the transfer of the estate tax exemption.

New Report Shows Fewer Retirees Claiming Social Security Benefits at Age 62

delaying social security benefits past age 62
Deciding the best time to claim your Social Security benefits is an intensely personal decision that can have a truly significant impact on your overall retirement security. In general, you can begin collecting reduced retirement benefits as early as age 62. But a new study reveals that many more people are waiting longer.

5 Ways to Help the Moms In Your Life Get Ready for Retirement

5 ways to help mom with retirement
Mother’s Day 2015 is over, but you can help the moms in your life get ready for retirement every day. Women typically earn less than men for the same job and have fewer years in the workforce. That makes it all the more important for women to use every opportunity they have to save for retirement. Here are five ways you can help.

TIGTA Examines IRS (in)Action on Excess IRA Contributions

excess IRA contribution report
A new report from the Treasury Inspector General for Tax Administration (TIGTA) found that IRS hasn't done enough to address the problem of excess IRA contributions. What is an excess IRA contribution and how do you fix it?

myRAs - An Alternative Retirement Plan for Small Business

myRA retirement savings alternative
MyRAs are a retirement savings option for those who do not have a retirement plan at work or those who want to save only small amounts from their paychecks. IRA Technical Expert Beverly DeVeny discusses their benefits.

Should I Name a Trust as My IRA Beneficiary?

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, includes questions on how the pro-rata rule affects pre-tax and tax-free IRA money and how and when you should use trusts as IRA beneficiaries.

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