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IRS Issues Proposed Regulations on Automatic Enrollment Requirement

Feb 19, 2025 | IRA Blog

By Ian Berger, JD IRA Analyst   One important provision of the 2022 SECURE 2.0 law is the requirement that most new 401(k) and 403(b) plans must institute automatic enrollment. This rule is effective for plan years beginning after December 31, 2024. A “plan year”...

Thinking About Making an IRA Contribution? Here Are 10 Things You Need to Know

Feb 17, 2025 | IRA Blog

By Sarah Brenner, JD Director of Retirement Education Tax season is upon us! This is the time of year when many people consider making a contribution to an IRA. If you are thinking about doing so, here are 10 things you need to know. You can still make an IRA...

Inherited IRAs and Roth Conversions: Today’s Slott Report Mailbag

Feb 13, 2025 | IRA Blog

By Sarah Brenner, JD Director of Retirement Education Question: I just inherited an IRA from my sister. She died at age 74 and I am age 78. Am I required to use the 10-year rule, or can I stretch distributions from the inherited account over my life expectancy? I am...

99%: Good Enough for the Hall of Fame, but Not for Certain IRA Transactions

Feb 12, 2025 | IRA Blog

By Andy Ives, CFP®, AIF® IRA Analyst On January 21, Ichiro Suzuki was elected to Major League Baseball’s Hall of Fame by the Baseball Writers Association of America. It takes 75% of the writer’s support to gain entry, and Ichiro was chosen on 393 out of 394 ballots....

Do I Have to Take an RMD Before Rolling Over My 401(k) Distribution?

Feb 11, 2025 | IRA Blog

By Ian Berger, JD IRA Analyst   Here’s one question that keeps coming up: If I retire in the year when I turn 73 (or older) and want to directly roll over my 401(k) funds to an IRA, do I have to first take a required minimum distribution (RMD) from my 401(k)?...

Non-Spouse Beneficiaries and Inherited IRAs: Today’s Slott Report Mailbag

Feb 6, 2025 | IRA Blog

By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: Am I correct that a non-spouse Roth IRA beneficiary does NOT have a yearly required minimum distribution (RMD) over the 10-year period? Ken ANSWER: Ken, You are correct. Non-spouse beneficiaries of Roth IRAs that are...
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