by Daniel White | May 27, 2025 | Ed Slott
I appreciate it when reputable financial advisors fight for their clients. It is a pleasure to see a well-educated, experienced professional leave no stone unturned when it comes to helping someone through a problematic situation. Such conversations can be inspiring....
by Daniel White | May 22, 2025 | Ed Slott
Here is an all-too-common situation that seems counterintuitive: A participant in a 401(k) retires and must take his required minimum distribution (RMD). This person requests that his entire 401(k) plan balance be directly rolled over to an IRA. The plan follows the...
by Daniel White | May 13, 2025 | Ed Slott
What is a missed RMD (required minimum distribution)? RMDs must be taken by IRA owners beginning in the year they turn age 73 and by IRA and non-spouse Roth eligible designated beneficiaries beginning in the year after the death of the account owner. Missed RMDs are...
by Daniel White | May 13, 2025 | Ed Slott
Can children have IRAs? There is no minimum age for having an IRA. Due to the power of compound interest, saving tax-free in an IRA from childhood can provide a significant head start on financial security. Saving $7,000 in an IRA annually from age 14 through 24 and...
by Daniel White | Apr 29, 2025 | Ed Slott
April 28, 2025 Life insurance and Roth IRAs have a basic structure in common: they are both wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. Despite their similarities, life...
