IRA Rollover | Ed Slott and Company, LLC

IRA Rollover

“Estate Bypass” - Spousal Rollover When the Estate is Beneficiary

Wednesday, October 18, 2023
An estate can become the beneficiary of a person’s IRA in a couple of ways. First, the estate could be named outright as the beneficiary on the beneficiary form. This is not recommended. Why? One reason is that a non-designated beneficiary (like an estate), must follow certain restrictive payout rules.
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Net Unrealized Appreciation (NUA) and See-Through Trusts: Today's Slott Report Mailbag

Thursday, September 28, 2023
Question: Good afternoon. I am looking for some Net Unrealized Appreciation (NUA) help, please. If someone does a rollover of company stock to an IRA, can she undo that rollover and then do an NUA transaction? Thanks, Alan
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Why You Should Roll Over Your Retirement Funds to an IRA

Wednesday, June 28, 2023
If you are like most American workers, you will change jobs many times during your lifetime. With a job change, you will have a decision to make. What should you do with the funds in your retirement plan? One option is to do a rollover to an IRA. An IRA rollover offers some big benefits.
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Roth IRA Distributions and IRA Rollovers: Today's Slott Report Mailbag

Thursday, March 24, 2022
Question: I established a Roth IRA in 2011 and needed to withdraw $ 30,000 in 2021 to pay for my daughter’s first year of college tuition. I am under 59 1/12 and the 1099-R has a code of J meaning early distribution and no known exception. Will my distribution, therefore, be fully taxable and will I have to pay the 10% early withdrawal penalty? I was told by the Company holding my Roth IRA that it would be a fully NON-taxable distribution and no penalty as it was used for educational purposes. Please advise. Thank you
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Roth Contributions and Rollovers: Today's Slott Report Mailbag

Thursday, March 17, 2022
Question: Hey Ed- Long time reader and listener of yours…and have bought a few copies of your latest book to share with clients! Prior to us being involved, my client made a Backdoor Roth contribution in 2021. He did this despite his income being below the threshold limits. Also, he had existing IRA balances. Is there anything he can do? Are the 2018 recharacterization rules such that he is stuck with any tax implications?
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IRA Rollover Rules and Roth Conversions: Today's Slott Report Mailbag

Thursday, February 03, 2022
Question: I'm retired, over age 59 ½, and want to take a single 401(k) distribution and convert it to my Roth IRA. Do I follow same 60-day rollover rules and first have to rollover the distribution to a Traditional IRA and then convert it, or can I deposit it directly into my Roth IRA?
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Rollover Trivia: 5 Q&As

Monday, January 31, 2022
The “Martin Scenario”: Martin, age 40, has never done an IRA rollover before. He took a distribution from his traditional IRA in December 2021 for $10,000 and deposited it into his checking account. Martin took another distribution from his IRA in January 2022 for $50,000. He also deposited this into the same checking account.
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ONCE-PER-YEAR ROLLOVER RULE AND NEW LIFE EXPECTANCY TABLE: TODAY’S SLOTT REPORT MAILBAG

Thursday, January 27, 2022
Question: My question relates to an IRA withdrawal that is then deposited as a Roth conversion. Will this withdrawal count as a once-per-year IRA rollover? Thanks in advance for your wonderful advice.
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Rolling Over Last Year’s IRA Distribution

Wednesday, January 26, 2022
The rollover rules can be especially challenging at the end of the calendar year. If you took a distribution from your IRA at end of 2021 and are considering a rollover in 2022, here is what you need to know.
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One IRA Rollover Per Year - Based on Distributions

Wednesday, January 19, 2022
A person is allowed only one IRA-to-IRA or Roth-IRA-to-Roth-IRA 60-day rollover per year. This 12-month period is a full 12 months – it is not a calendar year. Accordingly, we refer to this as the “once-per-year rule.” For example, if a person received an IRA distribution in March that is subsequently rolled over, he is not eligible to initiate another 60-day IRA or Roth IRA rollover with a distribution received before the following March. The 12 months begin with the date the funds are received by the account owner. (Day of receipt is an important distinction. This could buy a person a couple of days when the 60-day deadline is approaching and a check was originally mailed to the IRA owner.)
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