TAX RULES FOR ROTH 401(K) DISTRIBUTIONS

Jul 27, 2020

By Ian Berger, JD IRA Analyst With more 401(k) plans offering Roth contributions and more folks taking distributions from their plans, now’s a good time to review the tax rules governing Roth 401(k) distributions. Qualified distributions. If your Roth 401(k)...

RMDS IN 2020: TODAY’S SLOTT REPORT MAILBAG

Jul 23, 2020

By Andy Ives, CFP®, AIF® IRA Analyst Question: Once the RMD’s for 2020 were suspended, I withdrew what would have been my RMD from my traditional IRA and deposited it in my Roth IRA.  Can I now withdraw that amount from my Roth and repay it to my traditional IRA?...

RECHARACTERIZATION OF IRA CONTRIBUTIONS IS STILL HERE

Jul 22, 2020

By Sarah Brenner, JD IRA Analyst It happens. You have made a 2019 contribution to the wrong type of IRA. All is not lost. That contribution can be recharacterized. While recharacterization of Roth IRA conversions was eliminated by the 2017 Tax Cuts and Jobs Act,...

Covid-19 could upend plans for older workers who want to retire

Jul 22, 2020

KEY POINTS The economic downturn prompted by the coronavirus comes at a particularly bad time for older workers. New research takes a look at how well those individuals may fare when it comes to working from home or finding new employment. Results are so-so.  Older...

Weekly Market Commentary

Jul 21, 2020

July 20th, 2020 Chadd Mason, CEO The Cabana Group The S&P 500 Turns Positive for the Year The benchmark S&P 500 index has officially broken out above 3200 and, in doing so, broken out of its two -month trading range. We have been watching this unfold for...