Blog
Five Most Overlooked Tax Deductions
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...
Read More
QCDs and the Absolute Necessity for a CWA
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...
Read More
Systematic Withdrawals in Retirement
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...
Read More
Roth Conversion – Oops!
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...
Read More
Tax Efficiency in Retirement
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,...
Read MoreShow All
Spotting Credit Trouble
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...
Read More
Caring for Aging Parents
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...
Read More
Conduit IRA: Is it Really Necessary?
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...
Read More
Critical Estate Documents
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...
Read More
What to Look for in an Extended-Care Policy
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...
Read More
The 5-Year Rule and Multiple Beneficiaries: Today's Slott Report Mailbag
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...
Read More
Estate Management Checklist
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...
Read More
IRA Withdrawals that Escape the 10% Tax Penalty
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...
Read More
Ed Slott's Elite IRA Advisor Group℠ Topics of Conversation - Kansas City
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...
Read More
401(K) Partial Roth Conversions and Using QCDS to Offset RMDS
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...
Read More
"Monitoring Concurrent Life Expectancies?" - SMH
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...
Read More
