IRA

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...
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 an anonymous user
Compare the costs: If you take the full amount from your IRA - you don't say, but I'm going to assume a traditional tax-deferred IRA - then your costs are the taxes: y...
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 an anonymous user
Answered by Barry Rabinowitz, Financial Adviser in Plantation, FL
Social security disability payments are are not affected by distributions from an IRA. It will not reduce your disability income, as IRA distributions are not conside...
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 an anonymous user
Answered by Karl Leonard Hicks, CFP® in Riverside, CA
The simply answer to your question is no. To make contributions to an IRA an individual has to have W-2 income. The follow-up question is what benefits are you att...
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
Answered by Michael Karu, CPA/CFF/CGMA in Livingston, NJ
The full value of the IRA is includable as income by the beneficiary of that IRA. If no beneficiary was named, then it is taxable to the estate, which must file Form ...
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