The Slott Report Archives - Charles W. Rawl & Associates, LLC

The Slott Report

The Slott Report from Ed Slott and Co. provides “IRA Help” to investors and is the leading information source for investors and retirement planners on IRAs and related financial investment topics.

New Rule: All IRA RMDs Must Be Satisfied Prior to Doing a Roth Conversion

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Andy Ives, CFP®, AIF® IRA Analyst Yes, you read that title correctly. This rule was confirmed in the 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different custodians, the total [...]

By cwrawl|November 4, 2024|Categories: The Slott Report|Tags: IRAs, RMDs, Roth IRA|

How Are RMDs Calculated in the 10-Year Period

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Ian Berger, JD IRA Analyst In the July 22, 2024 Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a controversial position it had [...]

By cwrawl|July 24, 2024|Categories: The Slott Report|Tags: IRAs, RMDs, Taxes|

IRS Issues Final SECURE Act Regulations: Controversial Annual RMD Requirement During 10-Year Rule Stands

The IRS has flip-flopped! In the SECURE Act, Congress eliminated the “Stretch IRA” for most inherited IRAs beginning in 2020. A new “10-year rule” was put in place and experts believed the IRA balance had to be withdrawn by the end of the 10-year period with no annual distribution requirements. In May 2021, the IRS confirmed that annual RMDs were not required. The IRS released the long-awaited SECURE Act annual RMD requirement and flip-flopped. Please read the article below. As a member of Ed Slott’s Master Elite IRA Advisor [...]

By cwrawl|July 22, 2024|Categories: The Slott Report|Tags: IRAs, RMDs, Taxes|

Roth Conversion Confusion: Taxes Withheld When Under 59 ½

There are many misconceptions about Roth IRAs and confusion abounds. Avoid this irreversible costly mistake and stay on the road to a Tax Savvy retirement. As a member of Ed Slott’s Master Elite IRA Advisor Group, Charlie Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Andy Ives, CFP®, AIF® IRA Analyst There is no doubt we have written about this topic in past [...]

By cwrawl|July 31, 2023|Categories: The Slott Report|Tags: IRAs, Roth IRA|

Help a Young Person Use Summer Earnings to Start a Roth IRA

Wouldn’t it be great to guide our children and grandchildren into a Tax Savvy financial future? Teach them to save in the tax-free bucket at a young age! As a member of Ed Slott’s Master Elite IRA Advisor Group, Charlie Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD Director of Retirement Education Is your child or grandchild working hard this [...]

By cwrawl|July 24, 2023|Categories: The Slott Report|Tags: IRAs, Roth IRA|

ROTH-O-MANIA!

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD IRA Analyst SECURE 2.0 is now the law of the land and one thing is very clear. Roth-O-Mania is here! In their quest for more revenue, Congress has created more options to save with Roth accounts. These accounts bring in [...]

By cwrawl|January 23, 2023|Categories: Articles, Smart Investing, The Slott Report|Tags: IRAs, Retirement Planning, Roth IRA|

Happy Holidays! Congress Gifts SECURE 2.0

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD Director of Retirement Education This holiday season Congress has given us SECURE 2.0. With no time to spare to avoid a government shutdown, they passed the $1.7 trillion Consolidated Appropriations Act of 2023 and sent it off the President for [...]

By cwrawl|December 28, 2022|Categories: Articles, The Slott Report|Tags: IRAs, RMDs, Taxes|

Internal Revenue Service Waives 50% Penalty for Missed 2021 and 2022 RMDs within the 10-Year Period

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Ian Berger, JD IRA Analyst Last Friday (October 7, 2022), the IRS waived the 50% penalty on missed 2021 and 2022 inherited retirement account RMDs for beneficiaries subject to the SECURE Act 10-year payout period. The guidance was in IRS Notice 2022-53. The [...]

By cwrawl|October 10, 2022|Categories: Articles, The Slott Report|Tags: IRAs, IRS, RMDs|

Navigating Qualified Charitable Distributions in 5 Easy Steps

What is a qualified charitable distribution (QCD)? A QCD is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. A QCD cannot be made from an employer plan. A QCD can be up to $100,000 a year, per individual. 1. Either an IRA owner or a beneficiary can do a QCD. The individual must be at least age 70½ at the time of the transaction. Reaching age [...]

By cwrawl|August 31, 2022|Categories: Articles, The Slott Report|Tags: Life Insurance, QCDs, Taxes|

Last-Minute IRA Tax Deadlines and Rules

April 18 is Tax Day for 2022. It is delayed from the 15th because the IRS offices were closed Friday. Generally speaking, each taxpayer’s bill to the U.S. Treasury is settled at this point, but there are exceptions. Read this Slott Report for insights. Going forward, now is the time to be planning for 2023 and future years. Becoming Tax Saavy throughout your retirement years requires years of advance planning and is an ongoing process. Tax laws will remain dynamic and will never be static. By Andy [...]

By cwrawl|April 18, 2022|Categories: Articles, The Slott Report|Tags: IRAs, Taxes|

Charlie Rawl is keenly focused on helping his clients work toward their retirement dreams through a comprehensive financial strategy. He has distinguished himself throughout his career as a troubleshooter and problem-solver, designing and implementing creative solutions to often-complex challenges.

He has three decades of experience in financial services, encompassing commercial banking, insurance and investment management. This diverse experience gives him an invaluable perspective in conducting detailed analyses and creating state-of-the-art wealth management and retirement income solutions.