Don't fall victim to misinformation! Learn from ChatGPT's mistakes and discover the correct steps for a smooth 457 to IRA ...

The ERISA consultants at the Retirement Learning Center (RLC) address a question on whether a client who wants to take an in-service distribution from his 401(k) and roll it to an IRA should roll the ...

Although the IRA custodian will report the transaction in a 2025 Form 5498, the client reports the distribution and rollover on their 2024 tax return. That’s true even if the funds are not ...

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Wondering about Roth IRA contribution limits? Learn about income eligibility, catch-up contributions and how to maximize your ...

The IRS has issued an updated version of Form 15397, “Application for Extension of Time to Furnish Recipient Statements.” The form is relevant to information reporting concerning IRAs. For instance, ...

If you set up a 529 education plan for your children or grandchildren that is no longer needed for education expenses, there ...

If you're expecting to move up to a higher tax bracket in future years, it might make sense to convert your traditional IRA ...

If you receive a 401(k) funds distribution payable to you ... "If your plan administrator allows it, you could roll over a portion of the 401(k) into an IRA and the remaining portion to a new ...

Americans held $33 trillion in individual retirement accounts in 2022, and many of those IRA holders have yet to withdraw their funds and pay taxes on them. With the total debt of the U.S. federal ...