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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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 -
Errors are regrettably common. They are also easily avoidable.
By Ed SlottApril 1 -
Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.
By Ed SlottFebruary 19 -
Community property rules, how to divide 401(k)s and the nuances of QRDOs are just some of the specifics advisors should know.
By Ed SlottJanuary 10 -
Financial planners don’t have to be attorneys to help clients avoid high cost oversights
By Ed SlottDecember 24 -
The biggest QCD question is whether it will be effective for a check not cashed by year’s end?
By Ed SlottDecember 18