IRA

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Guide  

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 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...
Guide  

Guide  

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 an anonymous user
Answered by Dustin Javier
CFP® AWMA® CERTIFIED FINANCIAL PLANNER™ in Bartlett, IL
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 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 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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