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IRA transfer

How Familiar Are You with NUA Rules? This Week’s Q&A.

This week's Slott Report Mailbag examines NUA rules and the "still working" exception.

Divorce, IRAs, and a Twist

Many times when individuals divorce the IRA is split between the spouses. This is done through the divorce decree or separation agreement. An IRA is never split using a qualified domestic relations order (QDRO). That is only used for splitting employer plans, such as 401(k)s.

IRA Distribution Basics – Taxation of Distributions

Most IRA accounts hold pre-tax contributions and rollover amounts from employer plans. For purposes of this blog, I am going to assume that there are no after-tax amounts held in any IRA, including SEP and SIMPLE IRAs.

Quiz Yourself with These IRA Questions!

After you’ve answered the questions below, scroll down to see the answers and see how well you know your stuff!

The Headaches of IRA Transfers, Rollovers, and Unclaimed Property

This week's Slott Report Mailbag looks into IRA transfers, unclaimed property, and IRA rollovers.

Moving Your IRA Funds? Learn These 3 Lessons From Others' Mistakes

Are you thinking about moving IRA funds? This recent Private Letter Ruling (PLR 201527050) issued by the IRS provides 3 useful lessons so you don't make these same mistakes.

5 Things You Can NOT Do With Your IRA

The "I" in IRA stands for individual. There are many things you can do with your IRA - and we cover them at length in this space. However, there are also many things you CAN'T do with the account. Here's a list of five.

Slott Report Mailbag: What Can I Do If My Husband Didn't List an IRA Beneficiary?

Come rain, sleet, or in this case, a Nor'easter of snow, we still deliver The Slott Report Mailbag with questions about IRA required minimum distributions (RMDs), beneficiaries when one wasn't listed (hint: the spouse isn't automatically the beneficiary) and the Roth IRA conversion rules.

IRA-to-IRA Rollovers: The Once Per Year Rule

IRAs are not savings accounts. The IRA account comes with some very strict rules on moving the funds from one account to another. If you do not follow the rules, you can lose the tax deferred status of the IRA funds and have to pay income tax on them.There are two ways to move IRA or Roth IRA funds.

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Please contact Matt Smith at matt@irahelp.com or (516) 536-8282 with any questions.

 

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