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Website title: Ed Slott and Company, LLC - America's IRA Experts
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By Ian Berger, JD
IRA Analyst
Question:
Hello Mailbag Folks,
I may have missed something in one of the Ed Slott newsletters, but I thought that if one contributed to a non-profit directly from an IRA account to the non-profit, the amount would not be taxed. I made my first required minimum distribution (RMD) i...
By Andy Ives, CFP®, AIF®
IRA Analyst
In our Slott Report entry from March 2 (“Fatal Error: Mistakes That Cannot Be Fixed – Part 1,”) we discussed three irreversible mistakes and the neg...
By Ian Berger, JD
IRA Analyst
If you made excess deferrals to your 401(k) or 403(b) plan(s) in 2025, you need to correct the error while there’s still time. The deadline is April 15, 2026. If you don’t act before then, you’ll be double-taxed on the excess deferrals.
The maximum pre-tax and Roth-electiv...
By Sarah Brenner, JD
Director of Retirement Education
Question:
Is it wise to designate a grandchild as primary beneficiary for IRA accounts?
Answer:
You can choose to name whomever you want as your IRA beneficiary. If you want your IRA funds to go to your grandchildren, that is your...
By Sarah Brenner, JD
Director of Retirement Education
These days many Americans are still working long beyond what has traditionally been retirement age. This may be by choice or by necessity. If this is your situation, you may be keeping funds in your employer plan well into your seventies and maybe even later. There are some big benefits to ext...