New IRA Aggregation Rule When Doing a Rollover in an RMD Year

Ian Berger, JD IRA Analyst   If you have multiple traditional IRAs and want to do a 60-day rollover (or Roth conversion) in a year when a required minimum distribution (RMD) is due, the IRS has a surprise for you. RMDs from multiple traditional IRAs (and SEP or...

Roth IRAs and Successor Beneficiaries: Today’s Slott Report Mailbag

By Andy Ives, CFP®, AIF® IRA Analyst   QUESTION: I have been getting emails from a few sites pitching their subscriptions. They claim that Roth IRAs will all be taxable in the future. They say there are things you can do to avoid these taxes, but to find out what...

The Roth IRA Advantage Under the Final RMD Rules

Sarah Brenner, JD Director of Retirement Education In 2020, the SECURE Act completely changed the game for nonspouse IRA beneficiaries. Now, most are subject to the 10-year payout rule. Recently released final RMD rules keep the controversial proposed rule that...

Year-of-Death RMD – Deadline Extended!

By Andy Ives, CFP®, AIF® IRA Analyst When a person reaches the required beginning date (RBD) – generally April 1 of the year after the year the person turns age 73 – required minimum distributions (RMDs) must officially start on traditional IRAs. But what if an IRA...

A PHILOSOPHICAL SLOTT REPORT ENTRY

By Andy Ives, CFP®, AIF® IRA Analyst Trapped. For two nights in July, I slept on the floor at Atlanta Hartsfield International Airport – a victim of the mass Delta computer outage. Booking a hotel after midnight (when the final cancellation hit) was not worth the...