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Breaking the Barriers to Access Your Retirement Plan Funds While Working
By Ian Berger, JD IRA Analyst The June 15, 2026 Slott Report described the strict barriers employees face when attempting to access their 401(k) and other plan funds while still working. One exception to those barriers is for hardship withdrawals. Plans are not...
Trump Accounts Are Almost Here: What Parents Need to Know
By Sarah Brenner, JD Director of Retirement Education On July 4, contributions to Trump accounts, a new savings vehicle for children, will become available. In these final days before their launch, we have been getting questions from parents about exactly what they...
Medicare and Retirement: Why Turning 65 Is More Than Just a Medicare Decision
For many Americans, turning 65 feels like a major milestone. While Medicare enrollment is often the first thing people think about, the reality is that Medicare is just one piece of a much larger retirement puzzle. Decisions made during this period can have a lasting...
529 Plan Rollovers and Investments in Trump Accounts: Today’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: Our client has funds left over in her 529 plan. She is not working. Can she roll over the 529 dollars to a Roth IRA? Does she need earned income? Can you do it as a spousal Roth contribution? Thanks, Mary ANSWER: Mary,...
Form 8606 and the Pro-Rata Rule: Not the End of the World
By Andy Ives, CFP®, AIF® IRA Analyst If a person has after-tax (non-deductible) money in any traditional IRA, SEP or SIMPLE IRA, then the pro-rata rule is just something that needs to be dealt with. But pro-rata is not the end-of-days hurdle that many people perceive...
Accessing 401(k) Funds While You’re Still Working
By Ian Berger, JD IRA Analyst If you are faced with expenses that require you to tap into your savings, what are your options? You should always look to non-retirement savings first. Dipping into retirement funds could cause you to lose out on future tax-deferred (or...
Children vs. Grandchildren Beneficiaries and the First Required Minimum Distribution Year: Today’s Slott Report Mailbag
By Ian Berger, JD IRA Analyst Question: Are the rules for a grandchild who inherits an IRA the same as the rules for a child who inherits? Thank you, Steven Answer: Hi Steven, No, the rules are very different. An IRA owner’s child who is under age 21 when the owner...
The Medicare–Social Security Timing Puzzle: How One Decision Can Affect Your Retirement Income
For many Americans approaching retirement, two of the most important financial decisions they will make involve Medicare and Social Security. While these programs serve different purposes, the timing of when you enroll and claim benefits can have a lasting impact on...
Roth IRA Conversions Do Not Count for Roth IRA Contribution Eligibility
By Andy Ives, CFP®, AIF® IRA Analyst If a person wants to make a Roth IRA contribution, there are two primary hurdles to get over. First, a person must have taxable compensation to make the contribution. Items like W-2 wages, commissions, professional fees or bonuses...
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