Topic
IRA
204 published works
Wills, Trusts & Estates Prof Blog
When It’s The Right Call To Put IRA’s In A Trust
For certain high net worth individuals it may be beneficial to place an IRA into a trust fund for the protection of the IRA and beneficiaries from potential bankruptcy and…
Wills, Trusts & Estates Prof Blog
IRA Tax-Free Rollovers Annual Limit
As I have previously discussed, the new rule that only one tax-free IRA rollover may be made by any IRA held by the taxpayer in one year, is now in…
The CPA Desk
Yes, there’s still time to make a 2014 IRA contribution!
By Jim Streets
The deadline for 2014 IRA contributions is April 15, 2015. The limit for total contributions to all IRAs generally is $5,500 ($6,500 if you were age 50 or older on…
Wills, Trusts & Estates Prof Blog
Avoiding the IRA “Double Tax”
When an IRA account holder dies, their estate may be facing the "double tax" of both federal income and estate taxes on the IRA, as well as possible state income…
Wills, Trusts & Estates Prof Blog
Considerations for Rollovers to an IRA
For individuals deciding to rollover an employer retirement plan to an IRA, there are many considerations and tasks to check off along the way. Here are a few:Consider rolling over…
International Financial Law Prof Blog
5 Hot Retirement Planning Topics for 2015
Here are some of the top retirement planning trends that your clients need to be aware of in order to maximize their retirement account values in 2015 and beyond. 1:…
Wills, Trusts & Estates Prof Blog
IRA Match Program
In an attempt to entice new customers, Fidelity has begun offering contribution matching for customers that transfer an existing IRA to Fidelity. The incentive program works by matching a percentage…
Wills, Trusts & Estates Prof Blog
Article on IRA Administration for High Net Worth Clients and Their Beneficiaries
Svetlana V. Bekman (Chicago, Illinois) recently published an article entitled, IRA Administration for High Net Worth Clients and Their Beneficiaries—Unique Challenges and Best Practices for Financial Institutions, 39 ACTEC Law…
Wills, Trusts & Estates Prof Blog
Common IRA Mistakes
Many people are not maximizing the benefits of an IRA. Here are common mistakes that lead to an underutilized IRA:Not contributing the max amount allowed, which changes as the account…
Wills, Trusts & Estates Prof Blog
IRS Allowed Division of IRA
A recent private letter ruling addressed the consequences of a trustee dividing an IRA into separate IRAs for each of five beneficiaries.In Private Letter Ruling 201503024, the IRS held that…