Q&A
Asked by tkels1
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi there,
Great question. They are both
very popular plans.
The Education IRA is
now called a A Coverdell Education Savings
Account (ESA).
On 529 plans or col...
Q&A
Asked by an anonymous user
Answered by Dustin Javier
CFP® AWMA® CERTIFIED FINANCIAL PLANNER™ in Bartlett, IL
CFP® AWMA® CERTIFIED FINANCIAL PLANNER™ in Bartlett, IL
Great question. By "max out" I am assuming
you are contributing the full $18,000 per year
if you are under 50yo.
One way to get
funds to a Roth IRA is through th...
Q&A
Asked by toliver
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Toliver.
At 70 1/2 years old, a
traditional IRA has RMD's (Required Minimum
Distributions) that may be due.
What
reasoning did this person use when telling
you ...
Q&A
Asked by c.desmond11
Answered by Larry Gilmore
Insurance Agent in Marysville, WA
Insurance Agent in Marysville, WA
The way to think of a traditional or Roth IRA
is like a shoebox. It's what you put inside
these boxes - that can be a fixed-rate
investment product or a variable-rate...
Q&A
Asked by Peter
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
RMDs refer to required minimum distributions
on tax-deferred retirement accounts. Under
current IRS rules, you must take distributions
when you are 70 1/2 years old, w...
Q&A
Asked by Jeff
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Jeff.
Thanks for your service. I am also a
Veteran and reside in the USA. I do travel
extensively.
Are you living comfortably
now?
What would change if you ret...
Q&A
Asked by an anonymous user
Answered by Jose Sanchez
Financial Adviser
Financial Adviser
Absolutely! Generally, you can leave it in
the same fund as long as you can find the fund
and fund family at the custodian (financial
institution) where your IRA Roll...
Q&A
Asked by an anonymous user
Answered by Jim Girlando
Financial Adviser
Financial Adviser
Compare the costs: If you take the full amount
from your IRA - you don't say, but I'm going
to assume a traditional tax-deferred IRA -
then your costs are the taxes: y...
Q&A
Asked by an anonymous user
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
Social security disability payments are are
not affected by distributions from an IRA.
It
will not reduce your disability income, as IRA
distributions are not conside...
Q&A
Asked by an anonymous user
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
The simply answer to your question is no. To
make contributions to an IRA an individual has
to have W-2 income.
The follow-up question
is what benefits are you att...
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