IRA

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 ...
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 c.desmond11
Answered by Larry Gilmore, 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 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 Peter
Answered by Barry Rabinowitz, 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 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 Jeff
Answered by Dave Bradley, 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
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 an anonymous user
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...
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