Year-end retirement planning is in full swing. We are less than a week away from Christmas and in two short weeks 2013 will be here. Financial advisors and their clients are working hard to develop a proactive plan to guard against rising taxes. Ed Slott has your answers on gifting, RMDs (required minimum distributions) and QCDs (qualified charitable distributions) in three year-end planning videos found below.
As a reminder, you can also access these videos at Ed Slott and Company's IRAtv YouTube Page. You can join the over 150+ subscribers and receive updates when we post new videos, and you can sit back over the holidays and watch nearly 4 1/2 hours of streaming retirement, tax and IRA planning videos from America's IRA Experts (if you are so inclined).
Enjoy Ed Slott's year-end planning videos below.
Ed Slott's 2012 Year-End QCD Alert
Ed Slott's 2012 Year-End RMD Alert
Ed Slott's 2012 Year-End Gifting Alert
-Compiled by Ed Slott and Jared Trexler
Smart money/Coming Soon
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Consumers: Send in Your Questions to [email protected]
Q:
Can I transfer money from my IRA to my husband's Roth IRA? I am 35, and he is 36.
Thank you!
Gail Clements
A:
No. The only way your IRA funds can be transferred to your husband’s IRA is in a divorce or after your death. Even then, it would have to be transferred to a similar IRA, for example an IRA to IRA or a Roth IRA to another Roth IRA. In this case, you cannot transfer your IRA into your husband’s Roth IRA.
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