IRA
Q&A
Asked by Peter
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
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 Barry Rabinowitz
Financial Adviser in Plantation, FL
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 Jeff
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
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 Karl Leonard Hicks
CFP® in Riverside, CA
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 an anonymous user
Answered by Jose Sanchez
Financial Adviser
Financial Adviser
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 an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
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 ...
Q&A
Asked by an anonymous user
Answered by Jim Girlando
Financial Adviser
Financial Adviser
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 Kiiyana
Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
If you are younger than age 59½, the funds you
take from your IRA is subject to being
included in gross income as well as a 10% tax
penalty. There are certain exceptio...
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