Skip to main content
Ed Slott and Company, LLC
2-Day IRA Workshop
Elite IRA Advisor Group
Corporate and Consumer Training
IRA Leadership Program
Professional Speaking Events
Ask Ed to Speak
Recommend That Your Advisor Train With Us
Elite IRA Advisor Group
Find An Advisor
Elite IRA Advisor Group For Consumers
Elite and Master Elite IRA Advisor Workshop
Ed Slott's 2-Day IRA Workshop
Online Advertising Options
Find an Advisor
IRA and Tax Tables
In The News
About Ed Slott
IRA Technical Experts
Marketing and Communications
You are here
The Slott Report
Stuck with the Five-Year Rule? Think Again
Monday, October 30, 2017
If you inherit an IRA, especially if it is a larger one, you may be afraid of being stuck with the five-year distribution rule. If this rule applies, your IRA must be entirely emptied in five years which can be a serious tax hit. Fortunately, you are much less likely to be stuck with the five-year rule than you may think.
Is Your IRA Haunted?
Monday, October 23, 2017
It’s Halloween season! This is the time for ghosts, witches, and trick or treating. What does Halloween have to do with your IRA? You might be surprised to hear that your IRA may be haunted. How can that be? Believe it or not, actions you take, or don’t take, can haunt your beneficiaries for years down the road.
Inherited IRAs – When do RMDs Begin?
Wednesday, October 18, 2017
We are frequently asked when required minimum distributions (RMDs) begin when an individual inherits an IRA. As with most things related to IRAs, the answer is, it depends.
A Tale of 3 Cousins and Their Inherited 401(k) Plans
Wednesday, October 04, 2017
This is the story of Al, Bob and Carl. Each cousin is the non-spouse beneficiary of his father’s 401(k) plan. Their fathers worked together at the local automotive factory for their entire lives and were all covered by the same plan. The default distribution option in the plan for non-spouse beneficiaries is a five-year payout.
Options for a Spouse Beneficiary – Remain a Beneficiary or Retitle to Your Own Account?
Wednesday, September 13, 2017
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.
Inherited an IRA with Missed RMDs? This Week’s Q&A
Thursday, June 01, 2017
This week's Slott Report Mailbag looks into missed RMDs, inherited IRAs, and QDROs.
IRS OKs Spousal Rollover. . . with a Twist
Monday, February 27, 2017
In recent Private Letter Ruling (PLR 201706004) the IRS allowed a widow to do a spousal rollover, but with an interesting twist that also ruled the five-year rule applied because the IRA had no designated beneficiary.
Community Property and Your IRA: What You Need to Know
Monday, August 15, 2016
What do you get when community property mixes with your IRA? You will discover that the results can be confusing. Here are some facts every IRA owner should know.
Lessons to Learn From Prince's Estate Tax Problem
Wednesday, May 11, 2016
Most people are aware by now that Prince, the performer, passed away recently at the age of 57. So far, no one has been able to locate his will. Unlike most of us, Prince had a huge amount of assets held personally, in his own name. That means a long probate process and lots of fees for the lawyers. And that’s without any dissension among his family members. Here are the estate planning lessons to learn from Prince's mistakes.
Who Gets the Retirement Money?
Monday, February 08, 2016
It generally takes about 30 seconds to complete a beneficiary form, and that is about all the consideration that is given to the document. Do you realize that the beneficiary form determines who will receive what could be a significant portion of your estate? Learn more about the beneficiary form's power in today's blog post.
Username or e-mail
I need help logging in
No Account Yet?
Create one here and receive free IRA updates
Receive Articles Straight to Your Email
About The Slott Report
Become a Guest Contributor