Q&A
Asked by Carla
Carla,
This is an interesting question and
doesn’t have a right or wrong answer. Let me
explain.
If we assume you are speaking of
two retirement accounts of the...
Q&A
Asked by an anonymous user
You could take the traditionally recommended
approach that is repeated religiously by the
financial media, CPAs and most financial
advisers, or you could explore your
...
Q&A
Asked by Jo Ann
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Upvote 20
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Answered by Denise Wilcox
CFP & ACCREDITED INVESTMENT FIDUCIARY in Henderson, NV
CFP & ACCREDITED INVESTMENT FIDUCIARY in Henderson, NV
Jo Ann, it is never too late! If you are
employed and have a 401(k) or 403(b) plan with
a matching contribution you should start
there! If not, you can save into an ...
Q&A
Asked by Owen
Answered by Michael Minter
Financial Adviser in Tampa, FL
Financial Adviser in Tampa, FL
7% Free Money Match is the minimum, is your
answer! Money you have over and beyond to
invest, work with a independent financial
professional to determine the most effe...
Q&A
Asked by Shannon
Shannon,
Let’s first start by making sure you
know that you are doing the right thing by
funding your 401(k) at the max the company
matches as this is “free” money. ...
Q&A
Asked by Kirt
Answered by Rudy Ruiz
Financial Adviser in Camarillo, CA
Financial Adviser in Camarillo, CA
The most easy thing to do is simply pull the
contribution out of the Roth IRA before the
Tax Day April 15th. The post-tax amount you
contributed will not be penalized ...
Q&A
Asked by Erin
Erin,
You are asking about “substantially
equal periodic payments” under Internal
Revenue Code Section 72(t) which allows one to
take distributions from your IRA pre ...
Q&A
Asked by Elaine
Answered by Michael Gilbert
Financial Adviser in San Diego, CA
Financial Adviser in San Diego, CA
Your first step should be to check with your
employer to see if they have a retirement plan
in place. i.e.401(k). SEP, or Simple plan.
These plans allow you to save fo...
Q&A
Asked by Beverly
Answered by James Kinney
Financial Adviser in Bridgewater, NJ
Financial Adviser in Bridgewater, NJ
There is no shortcut to doing a thorough
financial plan. Sure, there are rules of
thumb, such as spend no more than 4% of your
assets per year in the first year of
re...
Q&A
Asked by Carla
Answered by James Biasotti
Financial Adviser in Roseville, CA
Financial Adviser in Roseville, CA
Depends if it is a defined Benefit (like a
pension) plan or a defined contribution plan?
(like a 401(k)). Either way you should be able
to get your money. More common ...
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