Ed Slott
Financial Planning
Rockville Centre, NY, United States
Contact Ed
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Past articles by Ed:
New IRS guidance raises timely questions on Secure Act
The agency began digging into the massive tax law addressing issues that needed immediate clarification. → Read More
Retirement accounts at ‘serious risk’ as COVID-19 spurs bankruptcies
To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal. → Read More
ERISA savings plans: A cautionary tale for clients
If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form. → Read More
A CARES Act RMD bonus for retirement savers
Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know → Read More
Citi CFO, one of the few black Wall Street executives, weighs in
The death of George Floyd in Minneapolis and other fatal police encounters now fueling protests nationwide have prompted executives from almost every major bank and investment firm to speak out. → Read More
Advising coronavirus-strapped clients who need cash now
Early withdrawals from retirement accounts may be unavoidable in today’s economic climate. You can help mitigate the damage → Read More
Most asked SECURE Act questions
How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries. → Read More
Unexpected rollover tax relief for unwanted RMDs
The IRS now says some unwanted RMDs can be undone, eliminating the tax bill → Read More
Tax relief for retirement accounts in new coronavirus relief bill
The passage would extend the IRA contribution deadline and waive RMDs for 2020. Here’s what financial advisors need to know. → Read More
Tax case reveals possible intrafamily fraud
A watchful planner might have saved a matriarch’s IRA from being allegedly pillaged by her son. → Read More
Why life insurance is the new stretch IRA
Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change. → Read More
New tax law obliterates IRA trust planning
The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change. → Read More
The fix for a frequent client mistake: Ineligible IRA contributions
Despite recent tax law changes, recharacterizations are still possible and can prove a valuable strategy to correct such missteps. → Read More
Buyout or pension? The heavyweight bout of retirement decisions
Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice. → Read More
Buyout or pension? The heavyweight bout of retirement decisions
Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice. → Read More
Buyout or pension? The heavyweight bout of retirement decisions
Buyout amounts are high right now, but there are many other factors to consider when guiding your client to the right choice. → Read More
Tax traps lurking in plan loans
Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true. → Read More
What happens when clients wait a year to cash a retirement plan distribution check?
Advisors may need to alert clients as to when these checks will be taxable. → Read More
How Roth IRA conversions can escalate capital gains taxes
If not addressed, the client may see a higher tax bill than was planned. That won't go over well at tax time next year. → Read More
Keep your client out of the late 60-day rollover quagmire
After a booking error on the advisor end, an investor barely avoided being taxed on $500,000 and dodged more than $200K in taxes and penalties. → Read More