By Sarah Brenner, JD Director of Retirement Education Here at the Slott Report we hear many stories about trusts being named as IRA beneficiaries and the problems that follow. Often, there seems to be no purpose for naming the trust and it brings unnecessary...
By Andy Ives, CFP®, AIF® IRA Analyst We know that required minimum distributions (RMDs) cannot be rolled over or converted. Before a person does any Roth IRA conversions, all of their IRA RMDs must be satisfied. (See this prior Slott Report post: “New Rule: All IRA...
US markets advanced in an erratic week of trading. The S&P 500 ended the week above the 6000 level and is up nearly 24% from the April 7th lows. Investors continue monitoring global trade policy, hoping more trade deals will be signed soon. Trump acknowledged...
They are separate programs, but the Social Security Administration handles enrollment and collects premiums for many on Medicare Social Security and Medicare are distinct programs serving older and disabled Americans, but they have an important commonality: Social...
A quiet but important shift is happening in 2025: the full retirement age for Social Security is increasing again. If you were born in 1959, the change affects you directly—and if you were born in 1960 or later, you’re next. Here’s what this change means for your...
