IRA

Guide  

Guide  

Q&A
Asked by Erin
Answered by Robert Henderson, AAMS® CDFA® in Mystic, CT
There are some very specific rules (so please consult an advisor) regarding Inherited IRA's, but generally speaking you have three options: 1. Take distributions ov...
Q&A
Asked by an anonymous user
Answered by Saul Simon, Financial Planner in Edison, NJ
No you cannot, a Roth is not deductible
Guide  

Guide  

Q&A
Asked by Leslie
Answered by Kirby Thomas, Online Life Insurance CompPRO+ in San Diego, CA
Hello Leslie, Short version: yes, your policy is still the same. More detail: when life insurers stop selling life insurance for a number of reasons (such as when...
Q&A
Asked by Michael
Answered by Joshua Koch, Financial Adviser in Lehighton, PA
HI Michael! I typically ask the question, Are you taking the RMD because you want to, have to, or need to? Your specific situation will determine where these dollars s...
Q&A
Asked by an anonymous user
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
In box #7 on the 1099R, what is the code? Should be G or H. If not, contact your broker https://www.irs.gov/instructions/i1099 r/ar02.html#d0e1685 https://www.ir...
Q&A
Asked by Erin
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Erin, First, check with your CPA and/or tax advisor. The IRS has strict rules for RMD's. Can you elaborate on how you are treating the Inherited IRA? If you are...
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