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The Slott Report

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.

Obstacles with IRA Contributions and RMDs: This weeks Q&A

This week's Slott Report Mailbag looks into spousal contributions, IRAs, the IRS guidelines, and RMDs.

Conquer Your Fear of Tax Season

One of the most common questions asked during tax season is, “Do I have to file a tax return?” The answer, of course, is a bit complicated, but in general, if your income is equal to or greater than the sum of the standard deduction plus your personal exemption, you must file a return. The standard deduction is higher for those 65 or older, so age makes a difference in some cases.

An IRA Beneficiary Quiz. Can You Pass this Exam?

Most people think it is easy to leave an IRA to their heirs. But is it? The following is a quick quiz. How many of these beneficiary questions can you get correct? The answers are at the end of the quiz.

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