IRA Alert

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RETIREMENT IRA ALERT OCT 19, 2008
Charitable-IRA rollovers are back

The bailout bill, known as the Emergency Economic Stabilization Act of 2008, contains many little-known provisions, including the retroactive extension of the IRA charitable rollover.

RETIREMENT IRA ALERT SEP 22, 2008
October Roth IRA opportunities

For financial advisers who want to help clients take advantage of a down market, mark Oct. 15 on your calendar.

RETIREMENT IRA ALERT AUG 25, 2008
Safeguarding IRAs in difficult times

Worries about bank failures and the stability of other financial institutions are all over the news lately.

RETIREMENT IRA ALERT JUL 28, 2008
A tax break for the military

The new Heroes Earnings Assistance and Relief Tax Act of 2008 contains several retirement plan provisions for military service personnel that financial advisers must know about.

RETIREMENT IRA ALERT JUN 23, 2008
When clients are knowledgeable

Do you know as much about retirement distribution planning as your clients and prospects?

RETIREMENT IRA ALERT MAY 26, 2008
Tax stimulus may cause IRA headache

Some taxpayers who requested a direct deposit of their tax refund into an individual retirement account may be in for unpleasant surprises.

RETIREMENT IRA ALERT APR 28, 2008
Stretch IRA saved by IRS ruling

Financial advisers should be aware of a new IRS ruling that recently saved the day for an IRA beneficiary and may help your clients.

RETIREMENT IRA ALERT MAR 31, 2008
New rules permit plan balance shift

Providing guidance on the provision of the Pension Protection Act of 2006 that now allows a plan participant to convert a plan balance directly to a Roth IRA, the Internal Revenue Service has issued a set of new rules (Notice 2008-30).

RETIREMENT IRA ALERT MAR 03, 2008
Don't overdo annual contributions

Some clients love IRAs so much that they create problems by contributing more than they should.

RETIREMENT IRA ALERT FEB 04, 2008
Non-spouse rollover muddle lingers

If you're looking for a muddle, consider the status of the rule on non-spouse direct rollovers from company plans under the Pension Protection Act of 2006.

RETIREMENT IRA ALERT JAN 07, 2008
Roth conversion opportunities

Beginning this year, a provision of the Pension Protection Act of 2006 allows participants to convert funds in 401(k)s and other company plans directly to a Roth IRA.

RETIREMENT RETIREMENT PLANNING NOV 19, 2007
A reversal of policy on rollovers

The Pension Protection Act of 2006 included a provision that would permit non-spouse plan beneficiaries to transfer assets directly from the plan to a properly titled inherited individual retirement account.

RETIREMENT IRA ALERT OCT 22, 2007
Don't make early-withdrawal mistakes

Early withdrawals from retirement accounts should be discouraged. Withdrawals reverse the retirement savings process, and early distributions are the most expensive type, as they are subject to both income tax and the 10% early withdrawal penalty.

RETIREMENT IRA ALERT SEP 24, 2007
Roth IRA strategies for a rocky market

While recent stock market declines may worry some investors, those with stocks and funds in their individual retirement accounts can take advantage of current market volatility by making key moves.

RETIREMENT IRA ALERT SEP 03, 2007
Legacy Financial closes shop

RETIREMENT IRA ALERT MAY 07, 2007
IRA charitable contributions a one-time tax break

If your client is charitably inclined and has an individual retirement account that is subject to required minimum distributions (over age 70½), it pays to make a direct transfer to the charity from the IRA, rather than using other funds for their donations. There is no charitable deduction permitted, but the distribution isn’t included in income.

RETIREMENT IRA ALERT MAR 26, 2007
The plan participant who was ‘active’ but not eligible

This is the time of the year that most individual retirement account contributions are being made, but they may or may not be deductible. If you are active in a company plan, and your income exceeds certain amounts, then you cannot deduct your IRA contribution. If you are not an active participant, then you can deduct your IRA contribution regardless of your income.

RETIREMENT IRA ALERT MAR 12, 2007
Unexpected trouble on direct non-spouse rollovers

Transfers to non-spouse company retirement plan beneficiaries under the Pension Protection Act of 2006 are effective for 2007 (InvestmentNews, Jan. 29), but it turns out there may be problems and challenges in obtaining the intended benefits.