Q&A
Asked by John
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
There is a big difference. A 529 has special
tax rules, whereby if the funds are used for
tuition, laptops, etc, all growth can be
withdrawn income tax free.
Also, in...
Q&A
Asked by Debbie
Answered by Michael Gilbert
Financial Adviser in San Diego, CA
Financial Adviser in San Diego, CA
You can setup just about any type of plan and
fund them when you have the money to. For
example you can setup an Individual 401(k) and
fund it at any point during the ...
Q&A
Asked by mkmimi
Answered by Donald Laymon
Financial Adviser in Bonaire, GA
Financial Adviser in Bonaire, GA
A 702j retirement plan is a retirement
strategy that uses a life insurance contract
to fund retirement. These are also sometimes
referred to as Life Insurance Retireme...
Q&A
Asked by trish
Answered by James L Roberts
Independant Consultant in Lake Worth, FL
Independant Consultant in Lake Worth, FL
Your question was brought to my attention and
I am happy to provide what help I can. As a
strategic life, entrepreneurship, and wealth
consultant, I hear this question...
Q&A
Asked by Ashley Soto
Answered by Robert Higgins
Financial Adviser in Charlotte, NC
Financial Adviser in Charlotte, NC
This is a very broad question. Perhaps your
perception is true for some industries and not
others? The single greatest variable will be
expected earnings growth. Pe...
Q&A
Asked by Karen
Answered by Carlos Contreras
ChFC® in Aventura, FL
ChFC® in Aventura, FL
Because of the penalties and added taxes
created by a withdrawal if you are under 59
1/2 years old, it really is not to your
advantage to remove money from the 401(k) ...
Q&A
Asked by Daniel
Answered by Robert Higgins
Financial Adviser in Charlotte, NC
Financial Adviser in Charlotte, NC
If they have earned income, they can open a
Roth IRA and contribute up to 100% of their
earned income up to $5,500, assuming a single
filing status. They are presumab...
Q&A
Asked by Ashley Soto
Answered by Ebrahim Rad
LUTCF , CLTC , MDRT in Woodland Hills, CA
LUTCF , CLTC , MDRT in Woodland Hills, CA
You need to talk with your tax advisor or who
ever prepare your tax.
Q&A
Asked by Ashley Soto
Answered by Darius Slade
Health Services & Management in Richland, WA
Health Services & Management in Richland, WA
Hi Ashley, I found this link for you to the
IRS. I hope you find it helpful.
Darius
Q&A
Asked by Jane
Answered by John Carlson
President, Carlson Wealth Management in San Diego, CA
President, Carlson Wealth Management in San Diego, CA
Unless you've reached your retirement goal you
should want to continue to grow the value of
your investments, however, as you get closer
to retirement it becomes more ...
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