Asked by Derrell
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Derrell IRS rules prohibit putting your RMD into another tax-advantaged retirement account. Have you considered converting the remaining portion of your traditiona...
Asked by Cortland
Answered by Kim Miller PRO+
CFP® in Redmond, WA
It may be more helpful for you to think of it as cash flow: "Every month Uncle Sam makes a pension deposit and a Social Security deposit in my bank account of $XX and...
Asked by Michael
Answered by Linda A. Stortz
CPA, EA in Largo, FL
You must be asking if you can "make" an IRA contribution, rather than "take" an IRA contribution. No, either one of you must have earned compensation from wages, salar...
Asked by an anonymous user
Answered by Christopher Nesbitt
Insurance Agent in San Clemente, CA
Yes, I highly recommend you "take the money and run". And yes, you can put it in an IRA. But note that an IRA is just a framework for investments, not a description f...
Asked by CJ
Answered by Carmen P. Calaway
Financial Adviser in Tustin, CA
Dear CJ, first of all the reason I may answer your question(s) because I am also lic and reg. in FL. For me to be able to answer your question, I need additional infor...
Asked by an anonymous user
Answered by Pamela J. Horack, PRO+
CFP® in Lake Wylie, SC
You have posed an interesting question. There are multiple ways of calculating pension benefits depending on the structure of the actual plan. It sounds like there are...
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
Thanks for the details on your current situation. While they're helpful, I have to wonder if you're prepared to assume the monthly expense of a $250K house, compared ...
Asked by Andrea
Answered by Paul Seidman
CRPC - Chartered Retirement Planning Counselor in Scottsdale, AZ
That is a great question. The answer to that question can be simple or complex and will depend on your specific situation. We would need more information about you t...
Asked by Erin
Answered by Tim
Like many things in life . . . it depends. If you have an actual defined benefit pension account, you would be looking at moving it to some other pension manager, and...
Asked by an anonymous user
Answered by Robert Henderson
AAMS® CDFA® in Mystic, CT
The Social Security Leveling Option can make sense in certain situations. However, there can be some drawbacks to using the Social Security Leveling Option. Obviously,...
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