Q&A
Asked by Erin
Answered by Jeffrey Oberg
Financial And Insurance Advisor in Millbury, MA
Financial And Insurance Advisor in Millbury, MA
Erin, your options will depend on a number of
things, such as your relationship with the
original IRA owner and that person's age. Your
best bet is to talk with a fina...
Q&A
Asked by Erin
Answered by Kevin Mcclain
Financial Adviser in Tacoma, WA
Financial Adviser in Tacoma, WA
Sorry Erin, but the answer is no.
Contributions would need to be made in a
different IRA.
Q&A
Asked by Erin
Answered by Jeffrey Oberg
Financial And Insurance Advisor in Millbury, MA
Financial And Insurance Advisor in Millbury, MA
Erin, your first RMD (required minimum
distribution) from an IRA must take place by
April 1 of the year following the calendar
year in which you reach age 70½.. For ea...
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 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
T
Answered by Tim
Like many things in life . . . it depends. If
you have an actual defined benefit pension
account, you would be looking at moving it to
some other pension manager, and...
Q&A
Asked by Bobbie
Answered by David Meyers
Financial Adviser in Palo Alto, CA
Financial Adviser in Palo Alto, CA
You have a variety of options as to what to do
with it. And leaving it alone is one of them
-- so long as (a) it's invested well (i.e.,
good investment choice, low/no...
Q&A
Asked by Jill
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
If your employer doesn't offer a retirement
plan, an IRA or Roth IRA are good options.
Although they are more limited in the amount
of money that you can contribute ea...
Q&A
Asked by Erin
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
Yes, each year you are to make a “Required
Minimum Distribution” (RMD) from an inherited
IRA. Generally, you must take distributions
during your lifetime or within fiv...
Q&A
Asked by Yvette
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Yvette, I hope you received qualified
professional tax and financial planning advice
when you made the decision to roll over your
401(k) into an annuity. The terms an...
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