IRA Alert

Displaying 218 results
RETIREMENT RETIREMENT PLANNING JUL 25, 2010
Ed Slott: Turn lemons into Roth conversion cash

If your client wants to convert his or her individual retirement account to a Roth IRA this year but doesn't have cash from non-IRA sources to pay the tax on the conversion, consider looking at his or her capital assets.

RETIREMENT RETIREMENT PLANNING JUN 27, 2010
Avoiding a big Roth conversion mistake

There is a downside to a Roth IRA conversion. Whether clients pay tax for 2010 or spread the tax burden between 2011 and 2012, they'll still owe income tax on the pretax money they move from a traditional individual retirement account or company plan to a Roth IRA.

RETIREMENT RETIREMENT PLANNING JUN 06, 2010
Having the conversion conversation

Although the Roth conversion isn't for everyone, financial advisers must have the conversion conversation with every client who qualifies.

RETIREMENT RETIREMENT PLANNING APR 25, 2010
Roth conversions can ease new tax

The revenue-raising provision of the new health care law most likely to affect your clients is a 3.8% levy on investment income.

RETIREMENT RETIREMENT PLANNING APR 16, 2010
What can't be converted to a Roth

Unfortunately, many individuals are getting confused.

RETIREMENT RETIREMENT PLANNING FEB 28, 2010
Check those beneficiary forms

The beneficiary form is the single most important estate-planning document of individual retirement accounts and Roth IRAs, determining the ultimate value of the accounts, who ends up with the money and for how long.

RETIREMENT RETIREMENT PLANNING JAN 31, 2010
Tax traps of non-deductible IRA conversion

By now, most financial advisers know that when you have after-tax money in an individual retirement account, you can't just convert those funds and pay no tax on the conversion.

RETIREMENT RETIREMENT PLANNING JAN 06, 2010
New ruling reopens window for taxpayers

The suspension of 2009 required-minimum distributions from retirement plans and IRAs was enacted as part of the Worker, Retiree and Employer Recovery Act of 2008, which was signed into law Dec. 23.

RETIREMENT RETIREMENT PLANNING JAN 03, 2010
Roth IRA can affect homebuyer credit

The latest version of the tax credit for first-time homebuyers has two new features that may make the credit more widely available, which means more clients with Roth conversion income may be affected.

RETIREMENT RETIREMENT PLANNING DEC 16, 2009
IRS closes NUA tax loophole

The Internal Revenue Service has closed another loophole in the Tax Code.

RETIREMENT RETIREMENT PLANNING NOV 24, 2009
Helping clients tap retirement savings

Chances are, you have clients in financial distress, with a need for ready cash.

RETIREMENT MUTUAL FUNDS NOV 22, 2009
Time for a year-end IRA checkup

Here are some key individual retirement account items to check on before the end of the year.

RETIREMENT IRA ALERT AUG 28, 2009
Gotham's retirement loan disasters

Two recent cases involving New York City employees illustrate how retirement plan loan provisions are more complex than they first appear, and how violating any of them can lead to serious tax consequences.

RETIREMENT RETIREMENT PLANNING JUL 26, 2009
IRS kills 72(t) payment correction request

The Internal Revenue Service recently ruled that an improper transfer of funds from an individual retirement account from which the client was taking 72(t) payments triggered the 10% early-withdrawal penalty.

RETIREMENT RETIREMENT PLANNING JUN 21, 2009
IRS shoots down new Roth IRA ploy

When Roth individual retirement accounts were created, it was inevitable that some taxpayers would attempt to exploit their advantageous provisions.

RETIREMENT RETIREMENT PLANNING MAY 24, 2009
Education expenses and 72(t) plans

Individual retirement account owners under 59½ who take a distribution from their IRA are subject to a 10% penalty on the taxable amount of the distribution. But there are several exceptions to the penalty.

RETIREMENT IRA ALERT MAR 01, 2009
Think twice before deducting IRA losses

It's tax time, and more advisers are being asked by clients whether losses incurred in individual retirement accounts are deductible.

RETIREMENT RETIREMENT PLANNING FEB 01, 2009
Distribution holiday has its complications

No required minimum distributions for 2009

RETIREMENT IRA ALERT JAN 04, 2009
Changes in estate planning

RETIREMENT IRA ALERT NOV 16, 2008
It is time for IRA conversions

This month and next, help your clients by advising them to use a 2008 Roth IRA conversion to take advantage of the stock market decline.