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Website title: Ed Slott and Company, LLC - America's IRA Experts
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By Sarah Brenner, JD
Director of Retirement Education
Naming a trust as your IRA beneficiary can help you meet important estate planning goals. However, if you are considering this, you should proceed with caution. Here are four common mistakes with IRA trusts you will want to avoid.
1. Naming an Unnecessary or Unwanted Trust ...
Andy Ives, CFP®, AIF®
IRA Analyst
QUESTION:
I inherited a Roth IRA from a sister who was one year younger than me. If I choose to stretch distributions over my life expectancy, which chart do I use, and whose age do I use for the first required minimum distribution (RMD)?
ANSWER:
By Andy Ives, CFP®, AIF®
IRA Analyst
The foundational premise of a Roth IRA and a Roth 401(k) is the same – after-tax dollars go into the Roth account (either via contribution or conversion), and eligible earnings are tax-free. Pretty easy. But when it comes to withdrawing dollars from a Roth IRA or Roth 401(k), there is a fork...
By Ian Berger, JD
IRA Analyst
Recent IRS guidance confirms that any employer that wishes to make employer contributions to Trump accounts must comply with several administrative requirements. Especially for small employers, these requirements are likely to be challenging. The guidance came in the form of
By Ian Berger, JD
IRA Analyst
QUESTION:
Does each conversion from a traditional IRA to a Roth IRA require a five-year holding period? I have made several conversions and know that taxes are due when conversions are done. But how long must each conversion remain in the Roth IRA? Thanks!
ANSWE...