CONVERSION AS A GIFT TO YOUR BENEFICIARIES

By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport Do you have an IRA you are thinking about converting to a Roth IRA? There are many benefits to converting. You trade an immediate tax bill for the promise of tax-free earnings...
Many Older Americans Haven’t Saved Anything For Retirement

Many Older Americans Haven’t Saved Anything For Retirement

More than a quarter of Americans have no money saved for retirement. That’s according to a new survey from personal finance site Credit Karma, which found older respondents are even less prepared by some measures than their younger counterparts. Nearly one in five...

THE 3 IRA BENEFICIARY CATEGORIES – AGAIN AND AGAIN AND AGAIN

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport This past week the Ed Slott team hosted another successful conference for our Elite IRA Advisor Group members. Well over 300 advisors from across the country descended on Washington D.C. for...

HOW THE RETIREMENT PLAN COMPENSATION LIMIT WORKS

By Ian Berger, JD IRA Analyst Follow Us on Twitter: @theslottreport It’s certainly not a bad problem to have. But employees with very high compensation cannot have their retirement plan benefits based on all of their pay. Instead, the tax code allows only compensation...