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Ed Slott’s Elite IRA Advisor Group (Ed Slott Group) is a membership organization owned by Ed Slott and Company, LLC. Logos and/or trademarks are property of their respective owners and no endorsement of (JC Financial & Insurance Services) is stated or implied. Ed Slott Group and Ed Slott and Company, LLC are not affiliated with JC Financial & Insurance Services.
For the detailed requirements of Ed Slott’s Elite IRA Advisor Group, please visit: https://www.irahelp.com/
NUA: “Resetting” Cost Basis
By Andy Ives, CFP®, AIF® IRA Analyst The recent market ride has been nuts. It is certainly no fun for anyone who owns stock or stock funds. Many of us are experiencing the same sensation in our gut as when a roller coaster click, click, clicks to its apex and...
read more
Still Waiting for IRS Guidance on IRA Self-Correction Program
By Ian Berger, JD IRA Analyst In the 2022 SECURE 2.0 legislation, Congress gave the IRS two years – until December 29, 2024 – to come up with rules allowing IRA owners to fix certain mistakes through self-correction. Alas, December 29, 2024 has now come and...
read more
Rollovers and Required minimum Distributions: Today’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: A 401(k) plan participant over age 73 wants to roll over his account to a new IRA. I understand that he must take a required minimum distribution (RMD) before the rollover. Is an additional RMD required in the same...
read more
Will Market Volatility Mean RMD Waivers for 2025?
By Sarah Brenner, JD Director of Retirement Education Recent turmoil in the markets has hit many retirement savers hard as they see their IRA and 401(k) balances rapidly shrinking. For many, the age-old advice to stay the course for the long term and not cash...
read more
Who Can Use a 10% Penalty Exception?
By Andy Ives, CFP®, AIF® IRA Analyst As a follow up to the March 26 Slott Report entry that included a full list of the 10% early withdrawal penalty exceptions (“10% Penalty Exceptions: IRAs and Plans”), here we get a little deeper into the weeds on some of the...
read more
Deferral of First RMD and RMDs for Roth IRAs: Today’s Slott Report Mailbag
Question: My wife turns 73 years old in August 2025. My understanding is that she has until April 1, 2026, to take her first required minimum distribution (RMD), in which case she would wind up taking two RMDs in 2026. The RMD for 2025 is approximately $24,000. My...
read more
Higher IRA Federal Bankruptcy IRA Protection Limit Became Effective on April 1
By Ian Berger, JD IRA Analyst When you file for bankruptcy, one thing you usually don’t have to worry about is protecting your IRA funds from your bankruptcy creditors. That’s because, in just about every case, all of your IRA (and Roth IRA) monies are off limits....
read more
Make Your 2024 IRA Contribution by April 15
By Sarah Brenner, JD Director of Retirement Education There is still time! You can still make a prior-year (2024) IRA or Roth IRA contribution up to the tax filing due date, April 15, 2025. For most people, there is no extension beyond that date, regardless of...
read more
Qualified Charitable Distributions and inherited IRAs: TOday’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst Question: In the article “Why You Should Take Your 2025 RMD Now,” the following caught my eye … “Or, maybe you are charitably inclined and looking to satisfy your RMD by doing a qualified charitable distribution (QCD). This will...
read more
NUA: “Resetting” Cost Basis
By Andy Ives, CFP®, AIF® IRA Analyst The recent market ride has been nuts. It is certainly no fun for anyone who owns stock or stock funds. Many of us are experiencing the same sensation in our gut as when a roller coaster click, click, clicks to its apex and...
Still Waiting for IRS Guidance on IRA Self-Correction Program
By Ian Berger, JD IRA Analyst In the 2022 SECURE 2.0 legislation, Congress gave the IRS two years – until December 29, 2024 – to come up with rules allowing IRA owners to fix certain mistakes through self-correction. Alas, December 29, 2024 has now come and...
Rollovers and Required minimum Distributions: Today’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: A 401(k) plan participant over age 73 wants to roll over his account to a new IRA. I understand that he must take a required minimum distribution (RMD) before the rollover. Is an additional RMD required in the same...
Will Market Volatility Mean RMD Waivers for 2025?
By Sarah Brenner, JD Director of Retirement Education Recent turmoil in the markets has hit many retirement savers hard as they see their IRA and 401(k) balances rapidly shrinking. For many, the age-old advice to stay the course for the long term and not cash...
Who Can Use a 10% Penalty Exception?
By Andy Ives, CFP®, AIF® IRA Analyst As a follow up to the March 26 Slott Report entry that included a full list of the 10% early withdrawal penalty exceptions (“10% Penalty Exceptions: IRAs and Plans”), here we get a little deeper into the weeds on some of the...
Deferral of First RMD and RMDs for Roth IRAs: Today’s Slott Report Mailbag
Question: My wife turns 73 years old in August 2025. My understanding is that she has until April 1, 2026, to take her first required minimum distribution (RMD), in which case she would wind up taking two RMDs in 2026. The RMD for 2025 is approximately $24,000. My...
Higher IRA Federal Bankruptcy IRA Protection Limit Became Effective on April 1
By Ian Berger, JD IRA Analyst When you file for bankruptcy, one thing you usually don’t have to worry about is protecting your IRA funds from your bankruptcy creditors. That’s because, in just about every case, all of your IRA (and Roth IRA) monies are off limits....
Make Your 2024 IRA Contribution by April 15
By Sarah Brenner, JD Director of Retirement Education There is still time! You can still make a prior-year (2024) IRA or Roth IRA contribution up to the tax filing due date, April 15, 2025. For most people, there is no extension beyond that date, regardless of...
Qualified Charitable Distributions and inherited IRAs: TOday’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst Question: In the article “Why You Should Take Your 2025 RMD Now,” the following caught my eye … “Or, maybe you are charitably inclined and looking to satisfy your RMD by doing a qualified charitable distribution (QCD). This will...
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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