Ed Slott & Company
Found in: Estate Planning
What options do you have when the estate inherits the IRA? If someone tells you it must be cashed out, don’t fall for it. Occasionally, there may be no other option, but don’t just take their word for it—be sure what the IRA agreement says.
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Ed Slott & Company
Found in: Retirement Planning
We’ve all heard that half the marriages in the United States end in divorce. Many times after a divorce, the IRA owner forgets to change the beneficiary. In most cases, courts have ruled that the ex-spouse is entitled to the funds despite the divorce.
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Ed Slott & Company
Found in: Financial Planning
Those who are raising their children and also taking care of their parents are likely to have their own retirement plans, and to be the beneficiaries of their parent’s assets. Here is what they need to know about both sides of the equation.
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Ed Slott & Company
It’s that time of year again: the back to school season. For those more concerned with retirement than recess, that means it’s time to learn all you can about the latest rules for taxes and IRAs. Here are some of the best resources.
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Ed Slott & Company
Found in: Financial Planning
As the events of the recent “debt ceiling” issue have taught us, borrowing can be a dangerous game. But when it comes to IRAs, borrowing can be more than just dangerous: it can be a fatal error that can decimate a lifetime of savings.
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Ed Slott & Company
Found in: Financial Planning
In general, there aren’t too many things you can do after a year is over that affect your taxes for a previous year, but thankfully, one of those things is a traditional IRA contribution. We’ll tell you whether or not you qualify.
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Ed Slott & Company
Found in: Financial Planning
It is estimated that Baby Boomers stand to inherit a total of $8.4 trillion from the previous generation. Undoubtedly, many traditional and Roth IRAs will be included. Here are some important points to keep in mind when inheriting an IRA.
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Ed Slott & Company
Found in: Financial Planning
Many of us are often solicited for strategies involving alternate investments for IRAs. You should have your antenna up when being solicited and when the solicitor states that the investment is either “IRS Approved” or endorsed by the IRS.
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Ed Slott & Company
Found in: Financial Planning
Hopefully, there is much in your life to give thanks for this year, but if you’re searching for a few additional reasons to be thankful, here are 5 favorable tax provisions you should be thankful for now...because they might not be around much longer.
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Ed Slott & Company
Found in: Financial Planning
There are many guesses to why people don’t save for retirement. (Hint: you need to!) If you or your financial advisor are spouting about any of these myths, you need to change your tune and proactively save for your future.
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