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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.
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.
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.
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.
IRS closes NUA tax loophole
The Internal Revenue Service has closed another loophole in the Tax Code.
Helping clients tap retirement savings
Chances are, you have clients in financial distress, with a need for ready cash.
Time for a year-end IRA checkup
Here are some key individual retirement account items to check on before the end of the year.
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.
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.
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.
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.
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.
Distribution holiday has its complications
No required minimum distributions for 2009
Changes in estate planning
The New Year brings major changes in many estate plans. Not only has there been the biggest year-to-year…
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.
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.
October Roth IRA opportunities
For financial advisers who want to help clients take advantage of a down market, mark Oct. 15 on your calendar.
Safeguarding IRAs in difficult times
Worries about bank failures and the stability of other financial institutions are all over the news lately.
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.
When clients are knowledgeable
Do you know as much about retirement distribution planning as your clients and prospects?
