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The Slott Report

Can You Really Transfer That Penalty Free? This Week's Q&A

This week's Slott Report Mailbag looks into IRA transfers and international transfers.

Do You Have to File an Amended Return?

If you’re like most people, you’ve probably wondered at some point, “Do I need to file an amended return for that?” It is in that spirit that we offer you seven common errors and whether or not you should file an amended return after you discover them.

QCD – Tell Your CPA About It

Did you or your client do a QCD (Qualified Charitable Distribution) last year? Make sure the tax preparer knows about it.

There’s No Place Like Home: Unlocking the Door to Greater Retirement Income

Running out of money while there is still much life to live is frightening. The specific concern is that retirees might spend down their assets at a faster pace than their investment gains accrue. Financial advisors are commonly tasked with helping clients determine if, and under which circumstances, they will have enough money to retire comfortably. This is crucial work.

After Death, Don't Leave Your Loved Ones This Headache

This week's Slott Report Mailbag looks into beneficiaries, inherited IRAs, RMDs and annuities.

If IRAs Had Oscars…

Announcer: And the award for Best Type of Account to Help John Doe in Retirement goes to…

IRS OKs Spousal Rollover. . . with a Twist

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.

Sending Out an SOS for Those Taking RMDs and Inheriting IRAs

This week's Slott Report Mailbag looks into inherited IRAs, beneficiaries, and RMDs when you are still working.

Age 70 ½ Confusion for Retirement Accounts

Required minimum distributions (RMDs) must begin from most of your retirement accounts at age 70 ½. But it is not as easy as just looking at when you are 70 ½.

How to Avoid a Penalty on Your Excess IRA Contribution

Did you make your IRA contribution for 2016? If you did, you may want to take some time now during tax season to be sure your contribution is an allowable contribution and not an excess contribution.

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