Traditional IRA | Ed Slott and Company, LLC

Traditional IRA

How Your Inherited IRA is Taxed

Have you inherited an IRA? What type of IRA is it? Your answer will matter a lot when it comes to your tax bill. Inheriting a traditional IRA will have very different tax consequences than inheriting a Roth IRA.

Last Minute IRA Contribution Advice

The 2016 tax-filing deadline is upon us. Are you considering making a 2016 IRA contribution? It’s not too late, but time is quickly running out. Here are some quick words of last minute advice to keep in mind as you make your contribution.

Don't Lose Out on Claiming a Loss: This Week's Q&A

This week's Slott Report Mailbag looks into claiming a loss in a traditional IRA, and 403(b) transfers.

6 Tips for Making Your 2016 Roth IRA Contribution

Tax season is well underway. This is the time when you may be considering contributing to a retirement account. You may be interested in the Roth IRA, which offers the promise of tax-free withdrawals in retirement if you follow the rules. If you are deciding whether a 2016 Roth IRA contribution is the right move for you, here are 6 tips to keep in mind.

What Should My Brother-in-Law Do With Pre- and After-Tax Retirement Funds?

This week's Slott Report Mailbag answers a consumer's question about how much community property rules tie into his and his wife's retirement accounts and works through Tom's brother-in-law's delicate strategy involving pre- and after-tax retirement funds.

Do I Have to Take RMDs From Every Account That I Have?

This week's Slott Report Mailbag, proudly sponsored by GoldCo Precious Metals, examines if you have to take RMDs (required minimum distributions) from every account you have and answers if your traditional IRA is tax deductible.

Why Your Personal Balance Sheet is a Liar When It Comes to Your Retirement Accounts

A balance sheet is one of the basic financial statements that can be useful in many situations. Unfortunately, when it comes to retirement accounts, balance sheets can be extremely misleading. How? We explain.

Key Retirement Planning Dates During 2012 Tax Season

For all Americans, it’s now 2012 tax season. As we gather our information and records to prepare our federal income taxes for 2012, here are some important dates that affect retirement plans.

New 2013 Traditional and Roth IRA Limits Are Set

You may not have noticed that the IRA contribution and income limits increased for 2013 thanks to wall-to-wall coverage of the fiscal cliff. You may not have noticed that the IRA contribution and income limits increased for 2013 thanks to wall-to-wall coverage of the fiscal cliff.

Morningstar Videos: Ed Slott on Last Minute IRA Tax Tips

Ed Slott spoke with Morningstar's Christine Benz earlier this week about last-minute IRA tax tips, including choosing between a traditional IRA and Roth IRA contribution, the backdoor Roth IRA and Roth recharacterizations. The videos can be found below in their entirety. Ed Slott speaks about choosing between a traditional IRA and Roth IRA contribution in this video.

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