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The Slott Report

QCD Complications, Inherited IRAs Overseas and More

This week's Slott Report Mailbag looks into complications with QCDs, inherited IRAs overseas, and annuity distributions.

Tackle Higher Medical Expenses and Tax Infested Traditional IRA Accounts at the Same Time!

Two challenges that retirees and pre-retirees are facing are rising medical costs as well as trying to figure out how to distribute their tax deferred retirement accounts, such as Traditional IRAs with the least amount of tax possible.  There is a strategy that can “tackle” both challenges at once! 

RMDs When You Move Money from an Employer Plan to an IRA

Jenny has a 401(k) plan at work and she has an IRA. Jenny is 72 but is still working. Her employer plan has a “still working” exception so Jenny does not have to take required minimum distributions (RMDs) from her plan. However, she does have to take RMDs from her IRA.

The Headaches of IRA Transfers, Rollovers, and Unclaimed Property

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

5 QCD Rules You Must Know

A Qualified Charitable Distribution (QCD) is way for you to move funds out of your IRA to a qualifying charity income tax free. Time is running out if you are interested doing a QCD for 2016. The rapidly-approaching deadline for a QCD for this year is December 31, 2016. If you are thinking this might be a good strategy for you for 2016, here are 5 rules you must know.

Boomers Want Technology Too!

It’s no secret that millennials and other young workers today value technology in terms of helping them manage their financial affairs. However, the value that savers place on technology is not limited to young savers. In fact, Boomers are seeking out and incorporating technology into their financial lives at an increasingly rapid rate... a fact that numerous studies and surveys have found.

Need to Knows about Rollover IRAs and PLRs

This week's Slott Report Mailbag looks into rollover IRAs and PLRs.

Why You Should Take Your RMD

You are 70 ½ or older this year so you have a required minimum distribution (RMD). But, you don’t need the money or you don’t want to increase your income and pay more in income tax so you don’t want to take your RMD. What happens if you just ignore your RMD and do not take it?

Who Doesn’t Need to Take a 2016 RMD by December 31?

Fall is in the air and the holidays are just around the corner. For many retirement account owners, this means that an important deadline is approaching. Most of those who are 70 ½ or older will need to take a 2016 RMD by December 31, 2016. However, that deadline does not apply to everyone. If you are age 70 ½ or over, when would an RMD not be required to be taken from your retirement account by the upcoming December 31 deadline? Here are some exceptions that might apply to you.

IRA's with QCDs, RMDs and Tax Contributions

This week's Slott Report Mailbag looks into beneficiary IRA's with specific examples when over or under 70 1/2 years old with QCDs, RMDs as well as pre and post tax contributions.

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