Q&A
Asked by Magaly
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
You can use the search feature right here on MoneyTips to find a financial advisor in your area. https://www.moneytips.com/search
Q&A
Asked by Joel
Answered by Stephen Hartel, MBA, AIF in Denver, CO
Joel, Yes, the IRS allows you to take the RMD from whichever account(s) you wish, as long as the total is correct. Best regards, Steve
Q&A
Asked by Derrell
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Derrell IRS rules prohibit putting your RMD into another tax-advantaged retirement account. Have you considered converting the remaining portion of your traditiona...
Q&A
Asked by Cortland
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
It may be more helpful for you to think of it as cash flow: "Every month Uncle Sam makes a pension deposit and a Social Security deposit in my bank account of $XX and...
Q&A
Asked by Brett Lyle
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Brett, the key to your answer is in your question, "long term". Any investment or savings decision should be weighed against your particular risk tolerance. In very...
Q&A
Asked by Theresa
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
If you haven't started yet, it will be way more than you want to. What are your likely monthly expenses in retirement? Start with that and work backwards - a compoun...
Q&A
Asked by Dennis
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Interesting question, however, the use of 529 plan assets - tax-free - are narrowly defined and financing costs are not one of them. For example, you cannot use 529 p...
Q&A
Asked by Per
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - ETFs and mutual funds are similar in their objective: gaining investment exposure to a specific segment of the stock or bond markets or to the markets as a whole....
Q&A
Asked by Mary
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - The annual gift tax exclusion allows you to give $14,000 per year to any one person without filing a gift tax return. A married couple who "join" in the gift ca...
Q&A
Asked by Michael
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Michael, there are many passive options for real estate investments that will relieve you from the 3 terrible T's (Tenants, Termites and Toilets). If you have a taxa...
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Investing & Retiring

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