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The Slott Report

Retirement Plan Checks and 60-Day Rollovers

Generally, when you receive a check from your IRA custodian or employer plan, you have 60 days to rollover the funds to another retirement account, either an IRA or an employer plan. As with most retirement plan rules, this rule comes with two exceptions – one good and one bad. Let’s look at what happens when Lori receives a check.

What a Year Means When it Comes to Your IRA Rollover

The once-per-year rollover rule says that you can only roll over one IRA distribution from all of your IRAs (both traditional and Roth) in a one-year period. This is a tricky rule and many taxpayers have run into trouble with it. One area that can be very confusing is determining exactly what the definition of “year” is.

Avoid Penalties and Fees by Learning These Rules: Today’s Q&A Mailbag

This week's Slott Report Mailbag looks into QCDs, RMDs, Rollover IRAs and Recharacterizations.

Options for a Spouse Beneficiary – Remain a Beneficiary or Retitle to Your Own Account?

Warning! The options described here are for spouse beneficiaries named on the beneficiary forms of IRA accounts. Non-spouse beneficiaries and spouses who inherit through an estate have a different sets of rules.

5 Retirement Savings Strategies for Younger Workers

No one can argue that the millennial generation faces big challenges when it comes to savings. Younger workers are dealing with record setting student loan debt, high housing costs and stagnant wage growth. It’s hard to save for retirement when you are worried about the next month’s rent. Here are five strategies to help younger workers get started saving for retirement.

Avoid Accidentally Making a Prohibited Transaction: This Week’s Q&A

This week's Slott Report Mailbag examines TDAs, IRAs, and prohibited transactions.

Hurricane Harvey Relief from IRS and the Department of Labor

Here is a preview of what might come if Hurricane Irma hits the U.S.

Want to Donate to Harvey Victims? Consider a QCD

As the flood waters slowly recede in the Houston area, many people are asking themselves how they can help the victims of Hurricane Harvey. For those who have IRAs and are charitably inclined a Qualified Charitable Distribution (QCD) may be one way you can help.

Do You Know What to Do When You Inherit an IRA? This Week’s Q&A.

This week's Slott Report Mailbag looks into QCDs, RMDs and inherited IRAs.

7 Things Your IRA Custodian Won’t Tell You

It is important to know what your IRA custodian will tell you and what they will not or cannot tell you. The I in IRA stands for individual and many times it is up to the individual to know things or keep track of them.

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