Ed Slott’s IRA Corner2021-08-02T01:03:47+00:00

ED SLOTT’S IRA CORNER

Here at Ethos Capital Advisors, we want to help you understand your needs and current financial goals, so we post a weekly blog. We hope you find Ed Slott’s IRA Corner helpful in your retirement journey, and if you would like to learn more you can click below to begin.

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MAKING SENSE OF THE 401(K) MULTIPLE PLAN LIMITS

By Ian Berger, JD
IRA Analyst


We continue to get lots of questions about the company savings plan contribution limits. There are actually two different contribution limits – the “deferral limit” and the “overall limit.” This makes things very confusing, especially if you’re in multiple plans at the same time or you change jobs in the middle of the year.

August 16th, 2021|

UPDATE YOUR BENEFICIARY FORMS!

By Andy Ives, CFP®, AIF®
IRA Analyst


Regardless of whether you open an IRA, participate in a 401(k) plan, buy a life insurance policy, or start a college saving plan for a child, there is a critical detail which should never be overlooked: naming a beneficiary. Typically, the account application will include a space for doing just that. Sometimes a second form may be required when a person wants to change an existing beneficiary.

August 11th, 2021|

YOUR QCD QUESTIONS ANSWERED

By Sarah Brenner, JD
Director of Retirement Education


A Qualified Charitable Distribution (QCD) is a way for you to move funds out of your IRA to a qualifying charity income tax free. This can be a great strategy for those who are charitably inclined and looking to save on taxes. Here are the answers to some of the most frequently asked questions about QCDs.

August 9th, 2021|

THE ROTH 5-YEAR CLOCK: NOT ALWAYS THE FULL FIVE YEARS

By Andy Ives, CFP®, AIF®
IRA Analyst


We all know that if you want tax-free earnings in your Roth IRA, you must wait five-years. The Roth IRA owner has to have some “skin in the game,” so to speak, before the IRS grants the tax break. One must demonstrate a commitment to retirement savings in order to receive the tax-free carrot. Makes sense.

August 2nd, 2021|
Ed Slott Secure Act Guide

THE SECURE ACT:
Here’s What It Means For You

On December 20, 2019, a $1.4 trillion spending bill was signed into law in order to keep the government running. Tucked away inside this mammoth piece of legislation was the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This law includes significant changes to retirement accounts. How will it affect you and your retirement savings?

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ED SLOTT'S LIBRARY:
... In 5 Easy Steps - Guides

Calculating IRD Deduction

Calculating IRD Deductions...

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Calculating NUA

Calculating NUA (Net Unrealized Appreciation)...

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To Convert or Not To Convert

To Convert or Not To Convert...

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Determining Tax on Roth IRA Distributions

Determining Tax on Roth IRA Distributions...

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Navigating Healthcare Taxes

Navigating Healthcare Taxes...

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Planning For A Disaster

Planning For A
Disaster...

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Recharacterizing A Roth IRA/Roth Contribution

Recharacterizing A Roth IRA/Roth Contribution...

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Using A Tax Refund To Fund An IRA

Using A Tax Refund To Fund An IRA...

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Calculating The Pro-Rata Rule

Calculating The Pro-Rata Rule...

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Calculating Your RMD

Calculating
Your RMD...

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Planning For Health Savings Account Distributions

Planning For Health Savings Account Dist...

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Fixing A Missed RMD

Fixing A
Missed RMD...

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Navigating Qualified Charitable Distributions

Navigating Qualified Charitable Dists...

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Planning For Multiple Beneficiaries

Planning For Multiple Beneficiaries...

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PHARMACEUTICAL BENEFIT PLANNING

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