Save time with our cheat sheets, fact sheets, checklists & books!

The Tools and Information needed to

Learn About Your Retirement Accounts

Looking for simplified answers to questions about your IRAs, Roth IRAs and 401(k)s?

You’ll find them here.

Hand shake Retirement Dictionary Financial Advice Retirement Advice

Start Here

The Top 3 Rules You Must Know
Before Doing any Transactions with Your Retirement Accounts

social security icon Helping hands icon Retirement Dictionary Financial Advice Retirement Advice

Distributions + Roth Conversions

Early Distribution + RMD + Roth Accounts

Helping hands icon Retirement Dictionary Financial Advice Retirement Advice

Beneficiary Options

Spouse beneficiary + nonspouse + nonperson

The Cost of Mistakes

Know
The
Risks

10% Penalty

Exceptions

The early distribution penalty that applies to distributions taken before you reach age 59 ½ . Know the exceptions.

6% Excise Tax

Ineligible contributions

The cost of exceeding your contribution limits. 6% excise per year unless properly corrected.

RMD excise tax

Owners and Beneficiaries

The cost of not taking required distributions by the applicable deadline.

Your Questions Answered

Should I owe the 6 percent excise tax for an excess IRA Contribution Penalty

Question: I am 64 years old and I am on social security. I have no other income for last year or this year. In January of this year, I made an IRA carry-back contribution ( for last year) contribution to my traditional IRA. When preparing my tax return this March , the results show that I will be penalized 6% excise tax on the contribution. Why is that? Answer: The 6% excise tax applies when

Read More »

Term Of The Day

Definition Form 5498 (or IRS Form 5498 or 5498). Form 5498, IRA Contribution Information, is a form that must be issued by IRA custodians and trustee to report contributions, including rollover contributions, that occur to a Traditional IRA, Roth IRA, SIMPLE IRA or SEP IRA during the calendar year ( or in the case of a regular IRA contribution ‘for’ the calendar year). For SEP and SIMPLE IRAs, the SEP and SIMPLE contributions are reported on the Form 5498 issued for the year they are actually…

Be among the first to know when

IRA Rules
Change