IRA

Guide  

Guide  

Q&A
Asked by Kirt
Answered by Rudy Ruiz, Financial Adviser in Camarillo, CA
The most easy thing to do is simply pull the contribution out of the Roth IRA before the Tax Day April 15th. The post-tax amount you contributed will not be penalized ...
Q&A
Asked by Erin
Answered by Kevin Mcclain, Financial Adviser in Tacoma, WA
Sorry Erin, but the answer is no. Contributions would need to be made in a different IRA.
Guide  

Guide  

Q&A
Asked by Erin
Answered by Bradford Creger, MoneyTips ContributorPRO+ in Pasadena, CA
Erin, You are asking about “substantially equal periodic payments” under Internal Revenue Code Section 72(t) which allows one to take distributions from your IRA pre ...
Q&A
Asked by Erin
Erin, your options will depend on a number of things, such as your relationship with the original IRA owner and that person's age. Your best bet is to talk with a fina...
Q&A
Asked by Erin
Erin, your first RMD (required minimum distribution) from an IRA must take place by April 1 of the year following the calendar year in which you reach age 70½.. For ea...
Q&A
Asked by Erin
Answered by Karl Leonard Hicks, CFP® in Riverside, CA
Yes, each year you are to make a “Required Minimum Distribution” (RMD) from an inherited IRA. Generally, you must take distributions during your lifetime or within fiv...
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