Tutorials
Explanations of the rules and regulations that govern tax-deferred retirement accounts.
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SIMPLE IRA Quiz
Do you need IRA quizzes and other training for your staff? We can help. Please contact us about your IRA training needs.
RMDs for Multiple Retirement Accounts
If you have multiple retirement accounts, you might be able to take the required minimum distribution (RMD) for multiple of those accounts from only one
Roth Conversion Defined
A Roth IRA conversion is a movement of assets from any of the following accounts to a Roth IRA. A traditional IRA A SEP IRA
Tax Tip: IRS Form 1099-R
Tax Tip: IRS Form 1099-R is used to report distributions that occur from IRAs , qualified employer plans , 403(b) accounts and Governmental 457(b) plans
You Can Use Your IRA to Pay Estimated Taxes
Originally written December 21, 2011 If You Missed Estimated Tax Payment Deadlines, You can Use Withholding Tax From Your IRA to Avoid Penalties Withholding from your
Tutorial: Roth IRA Summary
Roth IRAs can be established by anyone. However, only eligible individuals can make regular Roth IRA contributions Custodians are subject to certain disclosure requirements when
Tutorial: Roth IRA Distributions
Distributions from Roth IRAs are tax and penalty-free, if the distribution is qualified. For non-qualified distributions, the ordering rules must be used to determine if
Tutorial: Roth IRA Recharacterizations
Important: The Tax Cuts and Jobs Act of 2017 repealed the option to recharacterize Roth conversions, for Roth conversions done after 2017. As such, only
Tutorial: Roth IRA Rollovers and Transfers
In addition to regular contributions and conversions, Roth IRAs can be funded via transfers and rollovers. This section explains the rollover and transfer rules that