Investing Specialists

Morningstar Runs the Numbers

Inspired by Harper's Index (with a tip of the hat to FiveThirtyEight's Significant Digits blog), Morningstar Runs the Numbers uses a numbers-based approach to highlight recent Morningstar research, along with some outside news stories.

If you're an IRA holder you should be familiar with IRS form 5498, writes Morningstar contributor Natalie Choate. Every year, your IRA provider reports on your IRA to the IRS with two tax forms: IRS Forms 1099-R and 5498. A mistake on one of these forms could cost you money or lead to a needless IRS audit. Head off problems by eyeballing those forms carefully when you receive them and, if you find mistakes, getting them corrected. does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.