WHAT YOU NEED TO KNOW ABOUT COMMUNITY PROPERTY AND YOUR IRA

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport What do you get when community property mixes with your IRA? Well, you will discover that the results can be confusing. Here are some facts every IRA owner should know. Community...

ED SLOTT’S ELITE ADVISOR GROUP℠ MEETS IN INDIANA

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   Ed Slott’s Elite IRA Advisor Group℠ gathered in Indianapolis last week for another successful conference. Over 350 member advisors from across the country spent two intense days of training,...

Weekly Market Commentary

Weekly Market Commentary – 5/10/2024 -Darren Leavitt, CFA The S&P 500 notched a third consecutive week of gains as the index broke and held above its 50-day moving average.  Investors were treated to another dose of first-quarter corporate earnings. Disney,...

A CHEAT SHEET FOR IRA BENEFICIARY RMDS

By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport   It’s been over four years since the SECURE Act upended the rules for beneficiary IRA required minimum distributions (RMDs), and there’s still plenty of confusion about the new rules. The IRS did give...

YOUR RMD IS NOT ELIGIBLE FOR ROLLOVER

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport   If you are at retirement age, you might be at a high risk for excess contributions due to rollover mistakes. This is because of the rule that says that the required minimum...

Weekly Market Commentary

-Darren Leavitt, CFA It was an extremely busy week on Wall Street.  First-quarter earnings results were highlighted by Apple and Amazon.  Investors encouraged by their results sent higher shares on the back of increased dividends, increased share buyback programs, and...

ONE 60-DAY ROLLOVER PER YEAR?

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   SCENARIO: In one calendar year, Jessie completes the following transactions: 1. Takes a partial distribution from her 401(k) and does a 60-day rollover to an IRA. 2. Does a 60-day rollover...

401(K) RMDS IN THE YEAR OF RETIREMENT

By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport   Here’s a question we get asked often: Say you retire in the year you turn age 73 (or in a later year) and you want to roll over your 401(k) funds to an IRA. Do you have to take a required minimum...

Weekly Market Commentary

Weekly Market Commentary – 4/26/2024 -Darren Leavitt, CFA US equity markets bounced back last week, with nearly 40% of the S&P 500 companies reporting first-quarter results. The rally was propelled by Microsoft and Google, whose better-than-expected earnings...

3 QUESTIONS TO ASK TO DETERMINE IF AN HSA IS RIGHT FOR YOU

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport The cost of healthcare continues to climb. Are you frustrated with higher premiums and out-of-pocket costs? You are not alone. You may be looking for new strategies to handle these...

FUNDAMENTALS OF THE LIFETIME RMD

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   We answer some pretty complex IRA and retirement plan questions. Our newsletters and other Slott Report entries can get into the weeds on some tricky topics. The thing is, when you spend all...

TWO RMD STRATEGIES TO AVOID IRMAA

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport You have carefully saved for retirement and now you have accumulated a substantial amount of funds in your IRA.  At some point the funds that you have been putting away for years...

THE WISE SHOPPER – ROTH CONVERSIONS

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   Imagine walking through a grocery store, intent on purchasing a specific item. As you turn down an aisle, little colorful tags proclaiming “Special Deal” and “Buy 1, Get 1” protrude from each...