2020: The Year for Roth Conversions?
Contributor Natalie Choate tackles three scenarios where a Roth conversion seems to make sense--but may not.
Natalie Choate
Natalie Choate is a lawyer in Wellesley, Massachusetts, who concentrates in estate planning for retirement benefits. Her book, Life and Death Planning for Retirement Benefits, is a leading resource for professionals in this field. The views expressed in this article do not necessarily reflect the views of Morningstar.
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Multiple Beneficiaries and the Year of Death RMD
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Roth Rollover Traps
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4 Dumb Answers About IRAs and Retirement Plans
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Contributor Natalie Choate reviews a few ways to get around the once-per-year limit.
IRA Annuity Surprises
And not the good kind, either, says contributor Natalie Choate.
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For what year or years do you file IRS Form 5329 if you discovered you've missed a required minimum distribution?
Restoring Lawsuit Winnings to an IRA
The ability to contribute a restorative payment to an IRA applies only to the compensatory payment for the actual investment loss.
The 401(k) Early Withdrawal Penalty: It's Not Fair!
Contributor Natalie Choate reviews some of the inconsistencies in the penalty investors pay if they take distributions from their retirement plans too early.
A Good Tax Idea Backfires
Rolling your IRA into your 401(k) while still employed may help you temporarily skirt required minimum distributions, but there can be drawbacks.
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Natalie Choate simplifies the decision making that come with SOSEPPs.
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The rule that you must take the required minimum distribution before doing a “rollover” does not apply to IRA-to-IRA transfers.
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Why do back flips to qualify for a life expectancy payout that may soon cease to exist?
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There are three courses you can take if you've contributed to a Roth IRA when you shouldn't have.
3 Misleading IRS Forms
Figuring out the tax rules for retirement plans and IRAs is hard enough. It's too bad that some IRS forms make the process even trickier.
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Track IRA transactions like a hawk, from start to finish, to make sure they are carried out completely and correctly.
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Beneficiaries inheriting IRAs generally have more flexibility than those inheriting qualified plans.
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Charitable giving can become messy when it involves multiple beneficiaries and retirement and nonretirement assets.
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