Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
The full value of the IRA is includable as
income by the beneficiary of that IRA. If no
beneficiary was named, then it is taxable to
the estate, which must file Form ...
Q&A
Asked by Suzee
Hello Suzee. I was asking the same question
years ago. I run a small business and so I’m
always looking for a way to reduce taxes. I
went with the traditional IRA (T/I...
Q&A
Asked by Angie
Hi Angie! While I'm not exactly sure of the
employer's intent based on your description,
it sounds like he may have contributed to a
SEP IRA for employees. This is a t...
Q&A
Asked by Henry
Answered by John Cole
Insurance Agent in Indian Trail, NC
Insurance Agent in Indian Trail, NC
I like annuities and life insurance. 401k's
and IRA's can be a good investment but to be
honest there's too many hidden fees in those
products. In today's economy in r...
Q&A
Asked by Ms MM Davis
Hi - First off, you don't want to borrow money
to pay your taxes. - that is a near sure road
to an unhappy outcome. Secondly, you cannot
borrow against (use as collat...
Q&A
Asked by an anonymous user
Answered by Viviana Bigolin
Financial Adviser in Alta Loma, CA
Financial Adviser in Alta Loma, CA
Call me to discuss, My number is in my
profile.
Q&A
Asked by Justin
Answered by Larry McClanahan, CFP®, ChFC, CASL, CLU, EA
Fee-Only Retirement Planner & Investment Manager in Clackamas, OR
Fee-Only Retirement Planner & Investment Manager in Clackamas, OR
Hello Justin,
A SEP is a form of IRA
generally used by self-employed individuals
and small businesses for retirement savings.
While you may take a withdrawal (calle...
Q&A
Asked by an anonymous user
Answered by Sheena Hogue
Insurance Agent in Chicago, IL
Insurance Agent in Chicago, IL
Hi,
Whenever you withdraw funds from pre
taxed accounts ie. Traditional IRA, 401(k),
457(b), or 403(b) you have to pay taxes. Your
tax rate depends on your taxable...
Q&A
Asked by an anonymous user
Answered by Ken Perine
Certified Financial Planner in Livermore, CA
Certified Financial Planner in Livermore, CA
If you would like to lower your taxes for
2014, you don't have much time left to get
that IRA opened before the deadline, which is
the date you file your 2014 tax retu...
Q&A
Asked by an anonymous user
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Upvote 13
- |
Hello! Unfortunately, there isn't a
one-size-fits-all answer but I'll provide some
guidance to help you decide.
If your
401(k) has a company match, you should
abso...
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