Ed Slott, a CPA in Rockville Centre, New York, is an IRA distribution expert, professional speaker and author of several books on IRAs. He is also the founder of
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Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.
By Ed SlottFebruary 6 -
The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.
By Ed SlottJanuary 7 -
If not addressed, the client may see a higher tax bill than was planned. That won't go over well at tax time next year.
By Ed SlottDecember 12 -
Despite recent tax law changes, recharacterizations are still possible and can prove a valuable strategy to correct such missteps.
By Ed SlottNovember 21 -
Buyout amounts are high right now, but there are many other factors to consider when guiding your client to the right choice.
By Ed SlottNovember 8 -
Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true.
By Ed SlottOctober 11 -
Advisors may need to alert clients as to when these checks will be taxable.
By Ed SlottSeptember 4 -
After a booking error by an advisor, a client barely avoided being taxed on $500,000 and dodged more than $200,000 in taxes and penalties.
By Ed SlottJuly 19 -
A lump-sum distribution for net unrealized appreciation on employer stock can slash a tax bill in half, but there’s plenty of fine print.
By Ed SlottMay 28 -
When financial emergencies compel early withdrawals from clients' retirement accounts, they face income tax and often an additional 10% penalty.
By Ed SlottApril 29