What is a Rollover?
Rollover means to move money from a retirement plan such as a 401(k), 403b (tax sheltered annuity), or 457 (municipal deferred compensation) into an IRA or other plan. If you receive a payout from...
Ten Year Averaging
If you do need to take your funds for use, you may qualify for a tax break that the tax law provides to some taxpayers. Taxpayers who were born on or before January 1,...
Retiring or Leaving the Company
Whether you are retiring or changing jobs, you need to know what to do with your employer sponsored retirement plan before your leave. Once you leave a job for whatever reason, you can choose...
Net Unrealized Appreciation
Some people retire or leave a company and have significant amounts of employer’s stock in their qualified plan. In such cases, the tax law provides special optional tax benefits on that employer’s stock. This...
Completing Your Rollover
When it’s time to retire, you have a few options on moving the money from your employer’s plan.
Direct Rollover: Your employer can directly rollover your retirement plan payout into a Rollover IRA and you...
Combining Distributions with Other Retirement Accounts
The rollover IRA is usually funded by the eligible distributions from a company-sponsored retirement plan. These distributions can be combined with your existing IRA(s) or placed into a separate IRA, but see the new...
Income in Respect of a Decedent (IRD)
Understanding the tax deductibility of income in respect of a decedent (IRD) is gaining significance as the baby boomer generation reaches retirement. Many parents of the baby boomer generation have accumulated significant wealth that...
Common Mistakes in IRA Distributions
Over 4,000 people reach the age of mandatory IRA distributions every day. Some have $100,000 to $1 million+ in their plans. Do you ignore this market?
When IRS "simplified" the IRA distribution rules in January...
Roth IRA Conversion – no out of pocket costs
I’ve always been surprised that these two issues arise when discussing a Roth IRA conversion:
the conversion only makes sense when the tax is paid with funds outside the IRA
the reason many people don’t convert...
IRA Distribution Education & Training
Simply by using the resources on this site, you can distinguish yourself with knowledge that few other financial advisors and CPAs have about IRA distributions, IRA withdrawals, early withdrawal issues, rule 72t, Roth conversions,...