by Kenny | May 31, 2018 | IRA BLOG
Question: I wondered if it’s possible to convert my traditional IRA to a Roth for 2017 and prior years, and then file an amended return? At least I could offset the higher taxes paid going forward, knowing I will have a tax-free Roth? Thanks very much for your help... by Kenny | May 30, 2018 | IRA BLOG
There is a lot of paperwork involved when you open an IRA account. You have to prove to the bank who you are and that your funds are legitimate. There is an account opening form and a beneficiary form to be completed. After you do all of that, then you get a... by Kenny | May 24, 2018 | IRA BLOG
Question: Ed, great article on reasons for taking RMDs early in the year, but here’s the other side of the argument, at least for me (which is why I am responding via email rather than online). My wife and I are both retired. We have a pension, social security... by Kenny | May 23, 2018 | IRA BLOG
Using Deferred Income to Fund Your Startup Business Could ROB Your Future One of the most difficult aspects of starting a business is obtaining proper funding. While banks have begun lending again, loans for startup businesses are still difficult to obtain. They... by Kenny | May 21, 2018 | IRA BLOG
Having just one IRA instead of several may simplify paperwork and minimize fees. But when you begin to think about leaving IRA funds to heirs, consider using more than one IRA to do so. Here are reasons why: Preserve Funds for Bequests in a Roth IRA Statistics... by Kenny | May 10, 2018 | IRA BLOG
Question: Dear Mr. Slott, In 2013, my husband was offered a buyout from his employer, Ford Motor Co. He had been retired since 1999 and so was already receiving a monthly pension check. (My husband had been diagnosed with Alzheimer’s Disease in 2011 and then...