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Tuesday, January 24, 2023

When looking for income-generating investments, some investors turn to dividend-yielding stocks.When a company makes a profit, that money can be put to two uses:It can be reinvested in the business.It can be paid out to the...

Wednesday, January 18, 2023

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, January 10, 2023

The Internal Revenue Service (IRS) has released new limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached...

Tuesday, December 20, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, December 20, 2022

Social Security's been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know? Here are nine things that might surprise you.The Social Security trust fund is...

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Tuesday, December 6, 2022

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible.No Strategy: Yes, the biggest mistake is having no strategy at...

Tuesday, November 22, 2022

Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare, the traditional fee-for-service program offered directly through the...

Wednesday, November 16, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, November 8, 2022

New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money? This concern may be legitimate. Some households "live it up" and spend more than they anticipate...

Tuesday, October 25, 2022

Medicare’s prescription drug benefit (Part D) is the part of Medicare that provides outpatient drug coverage. Part D is provided only through private insurance companies that have contracts with the federal government—it is...

Tuesday, October 18, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, October 11, 2022

When the rules of the game change, tactics should follow in response to the new landscape. While estate tax exemptions have ridden an uncertain roller coaster in recent years, the rules appear to be stabilizing after the passing of the...

Tuesday, September 27, 2022

Who among us wants to pay the IRS more taxes than we have to?While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let's take a quick look at the five most...

Tuesday, September 20, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, September 13, 2022

Many of us grew up with the concept that making regular, periodic contributions to our retirement account was a sound investment strategy. The idea was that, in a fluctuating market, regularly investing a set amount would enable an...

Thursday, August 25, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, August 23, 2022

Will you pay higher taxes in retirement? It’s possible. But that will largely depend on how you generate income. Will it be from working? Will it be from retirement plans? And if it does come from retirement plans,...

Tuesday, August 9, 2022

American households with credit card balances carry an average debt of $8,602.1The wise use of credit is a critical skill in today’s world. Used unwisely, credit can rapidly turn from a useful tool to a crippling burden. There...

Tuesday, July 26, 2022

Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 65 is growing. In the past decade, the population of Americans aged 65 and older has grown 36% and is expected to reach 94.7 million in...

Wednesday, July 13, 2022

This content originally appeared on irahelp.comCopyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, July 13, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Tuesday, July 12, 2022

Financial Documents Joint OwnershipDurable Power of AttorneyLiving TrustWhat does it do?Enables you to own property jointly with another personAuthorizes someone to handle legal and financial decisions if you become...

Tuesday, June 28, 2022

Extended-care coverage can be complex. Here’s a list of questions to ask that may help you better understand the costs and benefits of these policies.What types of facilities are covered? Extended-care policies can cover...

Thursday, June 23, 2022

By Andy Ives, CFP®, AIF®IRA AnalystFollow Us on Twitter: @theslottreportQuestion:Hi Ed,I’m 66 Years old. Less than a year ago I converted into my Roth from my traditional IRA with the intention of parking it...

Tuesday, June 14, 2022

Do you have a will?A will enables you to specify who you want to inherit your property and other assets. A will also enables you to name a guardian for your minor children.Do you have healthcare documents in place?Healthcare documents...

Tuesday, May 24, 2022

The reason withdrawals from an Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use these savings for anything...

Tuesday, May 17, 2022

This content originally appeared on irahelp.com Copyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Monday, May 16, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Monday, May 9, 2022

Tuesday, April 26, 2022

Monday, April 25, 2022

This content originally appeared on irahelp.com Copyright © 2022, Ed Slott and Company, LLC Reprinted from The Slott Report, Thursday, April 21, 2022, with permission. Original URL. Ed Slott and Company, LLC takes no...

Monday, April 11, 2022

Wednesday, March 30, 2022

The IRS does its best to ensure no loopholes exist for bad actors to circumvent tax laws to avoid paying their fair share. However, when it comes to some of the guidance in the recently released SECURE Act regulations...

Tuesday, March 22, 2022

Tuesday, March 8, 2022

Tuesday, February 22, 2022

Tuesday, February 8, 2022

Wednesday, February 2, 2022

Wednesday, January 26, 2022

Wednesday, January 19, 2022

Wednesday, January 12, 2022

Wednesday, January 5, 2022

Wednesday, December 29, 2021

Wednesday, December 22, 2021

Wednesday, December 15, 2021

Wednesday, December 8, 2021

Wednesday, December 1, 2021