Call for an APPOINTMENT: (310) 377-0668

IRA ARTICLES

TAX RULES FOR DIFFERENT TYPES OF WORKPLACE PLANS

By Ian Berger, JD IRA Analyst Most workplace retirement plans allowing elective deferrals fall into one of these varieties: 401(k) plans for employees of private sector companies. 403(b) plans for employees of tax-exempt employers, public schools and churches. 457(b)...

read more

SECURE ACT REQUIRES ACTION IF A TRUST IS YOUR IRA BENEFICIARY

By Sarah Brenner, JD IRA Analyst Many IRA owners have named trusts as their IRA beneficiaries. You may be one. Trusts offer control from the grave and can be a smart choice, especially to protect beneficiaries who may be minors, have special needs or simply are not...

read more

QCDS AND INHERITED ROTH IRAS: TODAY’S SLOTT REPORT MAILBAG

By Sarah Brenner, JD IRA Analyst Question: Can a QCD be used to pay dues to a charitable organization? Answer: This is an area where we receive a lot of questions. To qualify as a QCD, there cannot be any benefit back to you from the funds that go from your IRA to the...

read more

INDIANA JONES AND THE 72(T) IDOL

By Andy Ives, CFP®, AIF® IRA Analyst Do you want to access your IRA funds penalty-free, even though you are under age 59 ½ and no exception fits your situation? It can be done. Starting a new business and need capital from your IRA, but don’t want to pay the 10% early...

read more

SPOUSAL PROTECTION IN COMPANY RETIREMENT PLANS

Ian Berger IRA Analyst One important difference between IRAs and company retirement plans is spousal protection. Except for community property states, spouses of IRA owners do not have any rights to the account. By contrast, many workplace plans must provide spouses...

read more

MOVING YOUR IRA FUNDS WHILE TAKING RMDS? PROCEED WITH CAUTION

By Sarah Brenner, JD IRA Analyst Are you looking for a better investment for your IRA? Are you thinking about making the move to another IRA custodian or financial advisor? You do have this opportunity. The IRA rules are set up to allow portability. However, if you...

read more

8 DAYS FOR 6 YEAR-END TRANSACTIONS

By Andy Ives, CFP®, AIF® IRA Analyst As of the writing of this Slott Report submission, it is Monday, December 23, 2019. T-minus 8 days before the end of the year, which means IRA owners have a tight window to complete any year-end transactions. Once the calendar...

read more

HELLO SECURE ACT, GOOD BYE STRETCH IRA

By Sarah Brenner, JD IRA Analyst With the clock ticking down on 2019, Congress is expected to enact a $1.4 trillion year-end spending bill to keep the government running. Tucked away inside this mammoth piece of legislation is the Setting Every Community Up for...

read more