403(b) | Ed Slott and Company, LLC

403(b)

IRS Delays Effective Date of Mandatory Roth Catch-Up Rule Until 2026

Monday, August 28, 2023
Last Friday afternoon (August 25, 2023), the IRS gave employer plans two more years to comply with the controversial SECURE 2.0 rule requiring “catch-up contributions” for high-paid employees to be made on a Roth basis. The effective date of the rule was postponed from January 1, 2024 to January 1, 2026. The delay is set forth in IRS Notice 2023-62.
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60-Day Rollovers and Required Minimum Distributions: Today's Slott Report Mailbag

Thursday, June 29, 2023
Question: Ed Slott and Team, I am 73 and a retired financial planner. I would like to do a partial withdrawal from my 403(b) and do a 60-day rollover back into the same 403(b). Can I do this, or do I have to do the 60-day rollover to a different 403(b) or IRA? Please let me know at your earliest convenience.
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Vesting in Company Plans and New IRS Forfeiture Rules

Wednesday, March 29, 2023
When you leave your job and aren’t fully vested in your company plan account, the plan will forfeit your unvested portion. Recently, the IRS issued new guidance clarifying the forfeiture rules.
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Are You Over 70.5 Years Old and Still Working? Take Advantage of These Benefits: This Week’s Q&A

Thursday, October 12, 2017
This week's Slott Report Mailbag looks into 403(b) plans, RMDs, still-working exceptions, and trusts. 
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Imperative Q&A's involving Transfers, Rollovers, and Beneficiaries

Thursday, January 26, 2017
This week's Slott Report Mailbag looks into indirect and direct transfers, 60-day rollovers, trusts as a beneficiary, and 403(b)'s.
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Don't Make This Common RMD Mistake - It's a Big Penalty!

Monday, August 08, 2016
With the first group of Baby Boomers turning age 70 ½ this year, there is a whole new group of IRA owners who will begin taking required minimum distributions (RMDs). It is important that they know the rules about aggregating RMDs in order to avoid this frequent mistake made by individuals, advisors, and even IRA custodians and employer plans.
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Can I Convert My 403(b) to a Roth IRA?

Thursday, July 28, 2016
This week's Slott Report Mailbag looks at the possibility of converting a 403(b) to a Roth IRA and outlines the qualified charitable distribution (QCD) process and who is eligible to take advantage of it.
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What Are My Options For Naming a Trust as IRA Beneficiary for a Minor Grandchild?

Thursday, August 06, 2015
This week's Slott Report Mailbag looks at the logistics of naming a trust as IRA beneficiary for minor children and strikes down a common mistake made by employer plans when dealing with employer plan distributions rolled over to an IRA.
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A Retirement Planning Provision Hidden in a Trade Bill

Wednesday, July 15, 2015
What does a trade bill have to do with retirement accounts? Well, buried deep inside one of the bills was a provision expanding the “Age 50 Exception” to the 10% early distribution penalty, beginning in 2016. Here's what you need to know.
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5 Incredible Facts About the Current Retirement Market

Wednesday, March 04, 2015
According to recent statistics and government reports, retirement assets, and IRA assets in particular, are on the rise. Here are 5 incredible facts about the current retirement market.
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