IRA

Q&A
Asked by Derrell
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi dhuff78181 Can you please elaborate on what you mean by "best investment?" Our group prefers to invest in what we understand and we look for an acceptable ROI. ...
Q&A
Asked by Michael
Answered by Barry Rabinowitz, Financial Adviser in Plantation, FL
The law is that you must take RMD at age 70 1/2. You should get a statement from your broker, and based on 12-31 balances of the prior year, the amount you must withdraw.
Q&A
Asked by arscc
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Arscc, We get this one quite often. Are you a business owner? If not, why not? The most important question you need to answer is, "How much do you need and when ...
Q&A
Asked by jeanellwoodruff
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi jeanellwoodruff, Was your spouse taking RMDs before he passed? Here is a link to the IRS worksheet for calculating your RMD: https://www.irs.gov/pub/irs-tege/u...
Q&A
Asked by an anonymous user
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi anonymous, A self-directed IRA has the same rules as a traditional IRA. If you are a licensed real estate agent or are you eligible for a management fee? You can...
Q&A
Asked by tkels1
Answered by Dave Bradley, 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 Michael
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Answered by Bob
#1 work with a financial advisor, but certainly not at a bank. #2 roll the portion of your funds you don't want to use into a Qualifying Longevity Annuity Contract (...
Q&A
Asked by an anonymous user
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 reedta2010
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi reedta2010, To close an account, the best way is to contact the brokerage directly and file the appropriate paperwork. Now, what to do with any funds remaining ...
Q&A
Asked by toliver
Answered by Dave Bradley, 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 ...
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