Retirement Planning at Tax Time

Expertise: Retirement Plan Tax Documents and How They Impact Retirement Accounts
Many retirement account transactions will generate tax reporting to IRS. Contributions to IRAs will be reported on Form 5498. Distributions from any retirement account payable to the account owner will generate a Form 1099-R. Roth conversions, recharacterizations and reconversions will also all generate that form. Sometimes an action not taken will make tax reporting necessary. A missed required minimum distribution (RMD) must be reported to IRS on Form 5329. We examine these forms and how each impact’s retirement accounts.

Analysis: Tax Time Rules & Strategies for Retirement Plans
Retirement plans are an important, but often overlooked, part of your clients’ overall tax planning. As the deadline for filing 2015 tax returns approaches, it is a good time to incorporate your clients’ retirement plan strategies with their overall tax plan. It also is not too early to turn your attention to the 2016 tax year. We explain how actions taken now, early in the year, can pay off later.

Outflow: 4 Retirement Planning Strategies to Examine During Tax Season
Our technical experts pinpoint the contribution deadline, excess IRA contributions, the recharacterization strategy and retirement plan distributions as four key strategies to broadcast to your clients, prospects and centers of influence.