Retirement FAQs

  1. What effect will a prenuptial agreement have on a 401(k)?

  2. I'm worried about the economy and want to move my IRA funds from stocks and bonds to cash. Will I taxed for this?

  3. Can I convert non-deductible contributions made to my Traditional IRA to a Roth IRA without being taxed?

  4. I overcontributed to my 401(k). What are my options?

  5. What are the "certain requirements" that must be met for substantially equal periodic payments (SEPPs)? Is it taxed at 20%? Is there any downside to the SEPP?

  6. I have several Roth IRA conversions, each with different custodians. When I spoke to an IRS representative, he maintained that the total amount of the conversions is always available. He told me that at any time I can take out what I had paid taxes on (wi

  7. I'm having trouble getting my former employer to distribute my 401(k) plan balance to a rollover. Can you tell me the reasons why an employer might delay distributions and if there is a government agency I could contact to encourage the distribution?

  8. What is a good book on creating a trust that would qualify as the beneficiary for an IRA?

  9. Can IRAs be held jointly by spouses?

  10. Can I add my higher income spouse's name to my Roth IRA in order to raise our contribution limits?

  11. I just learned that my 2004 and 2005 Roth IRA contributions are not allowed because my income exceeds the limits. Can I just withdraw the contributions plus earnings without penalty?

  12. If a company undergoes an acquisition can an employee withdraw 401(k) funds tax free?

  13. Can I still set up an SEP if one of my employees refuses to participate?

  14. I have two jobs. Can I contribute to two SIMPLE IRA plans?

  15. I just opened an IRA. What can I do to help my money grow?

  16. I am self-employed and do not need most of my IRA RMD for expenses. Can I reinvest it in Roth IRAs?

  17. I'm a teacher. Which is better for me, a 401(k) or 403(b)? What is the difference? From whom do I get these plans?

  18. What are some of the features and benefits of SEP IRAs and Roth IRAs?

  19. The company I am working for said that 401(k) contribution can be based on only straight time pay! The company I previously worked for allowed me to contribute on gross earnings. Has the law changed, or is the current employer wrong?

  20. I am over 60 years old and have a Roth IRA to which I have made contributions for more than five years. Are all distributions tax free?

  21. Can 529 plans be used to transfer wealth to other family members if the original beneficiary does not use the money?

  22. How do I sign up for the saver's tax credit?

  23. I have a small business, and I'm considering setting up an SEP IRA. What are leased employees? Does this term refer to outside contractors who receive 1099-Rs? If so, how would the 5305-SEP need to be worded to make it acceptable to the IRS?

  24. My spouse and I now earn more than the dual-income limit specified by our IRAs. What will happen to our previous contributions?

  25. I am 61 years old and would like to contribute to my employer's 401(k) plan. Is there an age limit?

  26. Can I contribute to my company-sponsored 401(k) after the company's year-end but before its tax-filing date?

  27. Is my non-qualified Roth IRA distribution subject to taxes or early distribution penalties?

  28. I have a small business (LLC), which I operate part-time. I also work full time for a company and am enrolled in a 401(k) plan. Am I still eligible to make contributions to an individual 401(k) from earnings of my part-time LLC?

  29. Can I leave my pension to my spouse when I pass away?

  30. Can I return funds to my Traditional IRA after taking a distribution?

  31. I work for a university, and I have a 403(b) with TIAA-CREF. But TIAA-CREF says I cannot transfer money to another provider. Can they prevent me from transferring my money to a better investment?

  32. How do I go about opening up a Roth IRA?

  33. My 80-year-old mother used her Roth IRA assets to make an $11,000 annual gift tax exclusion. Will these still be considered Roth IRA assets?

  34. Can a spouse who is not named as a beneficiary receive assets from an IRA?

  35. I make over $100,000/yr and my adjusted gross income precludes standard IRA contributions. My contributions to my 401(k) plan at work are limited to about $7,000/yr. It seems I'm being penalized for my income. Are there other retirement savings options av

  36. Earnings within a Roth IRA are tax free, so are these earnings included in the modified adjusted gross income which is used to determine Roth IRA eligibility?

  37. I stopped distributions from my retirement account while under Rule 72(t). Will this have any effect on future distributions that I do take? Am I subject to the 10% penalty?

  38. Can an IRA beneficiary roll the IRA over into another account and designate another beneficiary?

  39. Can my spouse and I combine our Traditional IRAs?

  40. Can I return funds to my Roth IRA after I have taken it as a distribution?

  41. How can I budget for both short-term expenses and long-term goals?

  42. How can a trust lower federal transfer tax liability?

  43. I work for two companies. How much can I contribute to each company's SIMPLE IRA?

  44. What kinds of investments are allowed in a qualified retirement plan, and what kinds are forbidden?

  45. Is it permissible for a 70-year-old person to buy an IRA?

  46. I have conservative views on investing. How should I go about investing in a Roth IRA?

  47. My recently deceased spouse's IRA has been rolled over into mine. Does the cost basis change for me?

  48. Can the non-spouse beneficiary of an IRA name a successor beneficiary?

  49. What are some common and useful retirement planner designations? Are they expensive or difficult to obtain?

  50. If an employee covered by a SIMPLE leaves his employer within the two-year period and his new employer doesn't have a SIMPLE, what happens to the plan? Can the employee roll it over without penalty, or keep it at the old company until the two years expire

  51. My spouse is the primary beneficiary of my IRA. I also have a contingent beneficiary. Can my spouse still transfer my IRA assets tax-free to her own IRA?

  52. I have some stocks in a taxable account. Can I use them to fund my Roth IRA instead of using cash?

  53. What will happen to my SEP IRA if I leave my current employer?

  54. Are there special benefits for U.S. armed forces personnel?

  55. Why should I bother creating a budget?

  56. What should I consider when I select an executor for my will?

  57. Can I roll a Traditional IRA into a 529 college account for my grandchild?

  58. I do not want to totally get out of my retirement 401(k), but I want to take 72(t) distributions. What should I consider?

  59. Can an IRA be used as security for a loan?

  60. How can I get information about my deceased husband's retirement account if his employer withholds it?

  61. How do I "vest" something?

Trading Center