Displaying 213 results
Check clients’ IRA agreements
Spoiler spoiler: Financial advisers must ensure that clients' IRA accounts will be shielded from bankruptcy court dunners.
Make sure 72(t) distributions are taken
Custodian's error almost ruined client's retirement and still cost her $10,000 in IRS fees.
Rethinking a break on lump sums
Net unrealized appreciation on lump sums used to be a slam-dunk. Not anymore.
Take a fresh look at Roth conversions
With tax issue settled, it's time for financial advisers to help clients re-evaluate their plans
Qualified charitable distributions return
As expected, Congress has renewed the special tax break for charitable individual retirement account rollovers, known as qualified…
Roth 401(k) switch is a good deal for younger taxpayers sitting on cash
The Senate’s decision to lift restrictions on Roth 401(k) conversions will be a boon to select individuals —…
Sandy could blow through IRAs
Hurricane Sandy’s pummeling of the Eastern U.S. caused more than $50 billion in damages, according to some estimates.
Pay attention to charitable IRA rollovers
ualified charitable distributions haven't yet been reinstated for this year, though Congress may do so, as it has…
The $300,000 beneficiary form blunder
Stepchildren might not have the same legal standing as biological children if beneficiary forms don't make that clear.
Not all disasters are equal, taxwise
Hurricane season is here, but not all hurricanes are alike, according to the Tax Court. In a…
Deadline for Roth conversions is near
For clients who made Roth IRA conversions last year, Oct. 15 is the last day that they can…
Why IRAs aren’t the same as 401(k)s
You would think that an attorney would know that an individual retirement account isn't a 401(k), but Young…
Navigating the 2013 investment taxes
Taxes on investment income next year are just one part of the Patient Protection and Affordable Care Act…
A case of two wives and one pension
Consider the case of a man who named his wife as the beneficiary of his union pension but…
When an IRA deduction is denied
In a recent Tax Court case, a taxpayer's $5,000 IRA deduction was disallowed because she and her husband…
Paying the Roth conversion tax
Certified public accountants across the country who are preparing 2011 tax returns are seeing clients who don’t have…
Neither a borrower nor a lender be
In order to enjoy an IRA’s tax-deferred growth, its owners must abide by certain rules. One of those…
When decisions are impaired by disability
In following self-imposed restrictions on her IRA distributions, a bipolar investor recently learned from the IRS that her…
When a mom raids her child’s IRA
In an unusual private-letter ruling, the Internal Revenue Service recently allowed a 13-year-old beneficiary of her father's company plan assets largely to undo a previously taxed lump-sum distribution and transfer the distributed plan funds to an inherited IRA for the child's benefit.
A fraud warning for self-directed IRAs
In September, the SEC issued an investor alert warning investors to be wary of fraudulent promoters targeting self-directed IRAs
