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trust beneficiaries

RMDs to a Trust Beneficiary of an IRA

In the past couple of weeks, I have heard the wrong answer to the question of where required minimum distributions (RMDs) must go to a trust beneficiary from both an advisor and an IRA custodian.

Widows Can Now Take Control of RMDs When Spouse Passes Away

According to the US Census Bureau, approximately 800,000 people are widowed each year in the United States, and “nearly 700,000 of them are women who lose their husbands.” One of the greatest economic challenges for a large portion of widows in America is higher income taxes when their spouse passes away. Don Rasmussen, member of Ed Slott's Elite IRA Advisor Group, outlines how widows can take control of required minimum distributions when their spouse passes away ... lowering their tax bill.

Supreme Court: Inherited IRAs are NOT Retirement Accounts ... and What This Means For You

In a landmark decision last Thursday, the Supreme Court ruled unanimously, 9-0, that inherited IRAs are not protected in bankruptcy under federal law. The decision has far reaching ramifications and, depending on your heirs' specific circumstances, may give you pause as to who — or what — is the best beneficiary for your retirement accounts. Click to learn more about this ruling and how it may affect you.

Slott Report Mailbag: Does My Inherited IRA Automatically Transfer to Me?

ed slott retirement planning
This week's Slott Report Mailbag answers questions about inherited IRAs and naming a trust as the beneficiary of employer plan retirement assets. This to read a Q&A with our IRA Technical Expert.

Slott Report Mailbag: Can I Contribute to a Roth IRA?

This week's Slott Report Mailbag includes some of the more popular questions we receive each week. Can I contribute to a Roth IRA? What happens to my deceased parent's required minimum distribution (RMD)? We answer those questions and more in the question-and-answer below.

Important IRA October 31st Deadline Fast Approaching

An important deadline is fast approaching. This October 31st deadline applies to trusts that are beneficiaries of retirement assets of individuals who died last year. A trust beneficiary cannot use stretch distributions from inherited retirement assets unless the trust meets four qualifications explained below.

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