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Retirement FAQs

  1. How do I list the beneficiaries of my life insurance policies if I have a trust?

  2. Are 401(k) loans taxed?

  3. What pension benefits are available to military personnel?

  4. What should you do when you're five years from retiring?

  5. What are the differences between a 401K and an IRA?

  6. How do I retire?

  7. I want to transfer my house title to my child, what are the costs and tax consequences of doing so?

  8. What are Government Pension Offsets, and who is subject to them?

  9. How do you plan for retirement if you have multiple employers? Can you combine retirement plans from multiple employers?

  10. My daughter would like to use some of her Roth IRA to pay for some current tuition fees and loans. Can she do this without a penalty?

  11. I have a 403(b) from a old employer. I would like to convert it to a 401(k). How can I do that?

  12. Our broker switched firms in the middle of 2011. As a result we lost track of our required minimum distribution (RMD) amounts and ended up withdrawing much more than our RMD. Is there a way to defer some of the withdrawal to 2012 to avoid the tax liabilit

  13. What happens during the consolidation phase of an investor's life cycle?

  14. How can I start an IRA for my child?

  15. What is the difference between qualified and non-qualified plans?

  16. Which investment would be most suitable for a client investing for retirement and seeking protection from purchasing power risk in the future?

  17. The reason why ERISA qualified plans should have an investment policy statement is to:

  18. How do 401(k) loans work?

  19. What are the exceptions to the premature withdrawal penalty rules for IRA accounts?

  20. Can I refuse a gift by providing a "Qualified Disclaimer," and what does this entail?

  21. I have a profit-sharing plan with my former employer. I am now trying to buy a home. Can I use my profit-sharing money to put a down payment on a house?

  22. When is it a good idea to use an irrevocable life insurance trust?

  23. What does a "5 by 5" power in a trust document mean?

  24. How does an employer benefit from a 401(k) matching plan?

  25. What are the requirements to be able to contribute to an HSA?

  26. How do I know if I qualify to open a HSA (Health Savings Account)?

  27. Why is accidental life insurance so inexpensive?

  28. Should I collect early Social Security?

  29. What is the "stretch IRA" concept?

  30. What are the pros/cons of naming a trust as the beneficiary of a retirement account?

  31. Does it make sense to convert a Traditional IRA to a Roth when the market’s down?

  32. What is the difference between early retirement and full retirement as it applies to Social Security retirement benefits?

  33. All of the following are allowable deductions used in determining taxable estate EXCEPT

  34. If my spouse passes away, will I have to sell my home to meet creditor obligations?

  35. When is the best time to purchase long-term care insurance?

  36. What documents should I have ready in case my partner or I should die?

  37. Which of the following accounts does ERISA cover?

  38. What is the "three-legged stool"?

  39. What is pension maximization?

  40. Is it wise to put an IRA account into a fixed or variable annuity?

  41. Which statement(s) is/are FALSE about market risk?

  42. What is long-term care?

  43. What are activities of daily living (ADL)?

  44. Why should I invest in the market when I can buy and sell houses or cars?

  45. A lot of retirement projections seem to assume an 8% rate of return. Is this realistic?

  46. Should a Canadian citizen who lives and works in the U.S. continue to contribute to a RRSP account?

  47. I overcontributed to my Roth, then lost half of this money to the market. Does the 6% penalty apply to my original contribution, or only what's left of it?

  48. What is cliff vesting?

  49. How do I use a conduit IRA?

  50. We are in a 401(k) at work. Can we also do a Roth each year? If we can, can it also be deducted from our taxes?

  51. Do I still have to pay penalties and taxes on money that I don't roll over from a DROP fund?

  52. Is a person an active participant in an employer-sponsored retirement plan if he or she was only active for a short time?

  53. What are the penalties for withdrawing from my Traditional IRA less than a year after acquisition?

  54. Am I entitled to any of my ex-spouse's retirement plan benefits?

  55. What happens when someone is given the golden boot?

  56. Can I roll over a profit-sharing plan to an SEP IRA account without suffering any tax penalties and liquidation of current positions held in this account?

  57. Can you have a 403(b) and also contribute to a 401(k)?

  58. Is my husband's ex-spouse entitled to receive my spouse's retirement benefits?

  59. Upon my death, will the beneficiaries of my IRA be compelled to take the entire amount in the IRA as ordinary income, forcing them into unusually high income tax brackets?

  60. What is the difference between a Traditional and a Roth IRA?

  61. Is it easier to save for retirement if you start earlier in life? Can I make up for what I don't save now by contributing more later on?

  62. I want to purchase a five-year period certain single premium immediate annuity (SPIA) with my IRA account. I'm 53. Will the 10% penalty apply?

  63. Can an IRA owner disclaim his widow's account but exclude one spendthrift contingent beneficiary?

  64. Do I need to hit my 401(k) contribution limit before I can begin making catch-up contributions?

  65. Can I contribute to both a 401(k) and an IRA?

  66. How long does an IRA beneficiary have to take an RMD after the IRA holder dies?

  67. I have several CDs in my IRA with different maturities. Can I roll them over to another institution with a better rate as they mature?

  68. Can I roll my 401(k) and/or IRA funds into a more liquid investment fund without penalty?

  69. Can I, without tax penalties, use the IRA I inherited from my father to buy a home that I will live in? He was 72 and had started taking small payouts on it.

  70. My Traditional IRA has been converted to a Roth IRA. Can I still make a qualified withdrawal as a first-time home buyer?

  71. Can a person who is retired continue to fund an IRA?

  72. I am the beneficiary of an IRA and a Keogh. Can I combine them into one plan?

  73. If an IRA owner dies after starting required minimum distributions (RMD) but the spouse is under 70.5, can the spouse roll over the IRA into his/her own IRA, and stop RMDs until age 70.5?

  74. I didn't record my Traditional IRA contributions. Is there a website that lists IRA contribution limits for past years?

  75. I have several jobs. Can I contribute the maximum to multiple employer retirement plans?

  76. Can I roll my 403(b) and 457 into other low-cost venders when I change jobs?

  77. I didn't earn any income this year. Can I still contribute to a Roth?

  78. Can I hold non-dollar currencies in my retirement fund?

  79. My spouse has little/no income. Can I contribute to my spouse's IRA?

  80. As a temporary resident of the US, can I withdraw funds from my Traditional IRA without penalty when I leave the country?

  81. I am considering taking a loan from my qualified retirement plan. What is the definition of a "reasonable interest rate"?

  82. Is my 403(b) account owned by me or by the institution?

  83. What are the requirements that a trust needs to meet to be qualified?

  84. If I participate in my company’s SIMPLE IRA plan, can I also contribute to another IRA in order to receive a larger tax deduction?

  85. I am making after-tax contributions to an IRA. Will I get taxed again when I withdraw it (when eligible)?

  86. What is the five-year waiting rule for Roth IRAs?

  87. I own a small business. Can the SBO-401(k) work for me?

  88. Will I incur a tax penalty when making withdrawls from my IRA in excess of my SEPP?

  89. How can I reduce the taxes on my inherited retirement assets?

  90. Is there a limit on how much I can move from my IRA to my Roth IRA?

  91. My husband left his ex-wife as his retirement plan beneficiary. Can this be changed?

  92. Why should investors pick less risky investments as they approach retirement?

  93. Can I establish more than one IRA?

  94. My old company offers a 401(k) plan and my new employer only offers a 403(b) plan. Can I roll over the money in the 401(k) plan to this new 403(b) plan?

  95. Are the distribution rules for 401(k) and 403(b) plans the same as those for IRA plans?

  96. When should I take my Canadian Pension Plan distributions?

  97. My certificate of deposit (CD) has just matured and I plan to contribute $10,000 of it to my current Roth IRA account. The person doing my taxes can't tell me why I can't make such a large contribution except for my low income - I am a disabled veteran on

  98. Can I roll over my IRA assets to a sheltered Canadian plan?

  99. I am starting a limited liability company (LLC). I will be the sole member. Can I open an SEP IRA? How much tax-deferred money would I be able to contribute each year?

  100. Is an employee eligible for an SEP if the plan has already been set up for other employees?

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Last Questions Asked:
  1.

    How do I list the beneficiaries of my life insurance policies if I have a trust?

  2. Are 401(k) loans taxed?

  3. What pension benefits are available to military personnel?

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