A Roth IRA is an individual retirement account funded with after-tax dollars. That means you generally do not deduct Roth IRA contributions the way you may deduct some traditional IRA contributions.

We are receiving more calls about inherited IRAs from advisors than ever before. The first thing we ask is: Where’s the beneficiary form? … and then uh oh ... silence! Processing Content Checking the ...

Every IRA custodian is required to report annually to the Internal Revenue Service (“IRS”) the fair market value of each IRA it holds. The IRA custodian will report the fair market value of the IRA to ...

What's so great about it? Well, you don't have to do much with it, other than keep it for your records and perhaps refer to it on occasion. It's a form that's filed with the IRS by the organizations ...

I just received Form 5498 in the mail from my IRA administrator, reporting my 2014 contribution to my IRA. What do I need to do with this form, and why did I receive it now? Form 5498 reports your ...

Questions answered by Marc Hebert, president of The Harbor Group Inc., a registered investment adviser. Ask A Question Do you know where the beneficiary forms are to your individual retirement ...

Individual Retirement Arrangements are designed to provide tax advantages to encourage us to save for retirement. Most IRA owners are familiar with their IRA account statements showing their current ...

Are banks legally required to give account holders written statements of their beneficiaries upon request? I want to make it easier for my heirs, but I'm having trouble getting this information in ...

Yes, IRS Form 5498 is one more form for you to deal with, but it doesn't make your tax life much more complicated. It's a benign, and even helpful, form. What's so great about it? Well, you don't have ...