Retirement FAQs

  1. How Can I Fund A Roth IRA If My Income Is Too High To Make Direct Contributions?

  2. If I don't have any kids and want to leave all of my worldly possessions to my dog, how would I do it?

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

  4. Are 401(k) loans taxed?

  5. What pension benefits are available to military personnel?

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

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

  8. How do I retire?

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

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

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

  12. 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?

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

  14. 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

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

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

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

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

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

  20. How do 401(k) loans work?

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

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

  23. 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?

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

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

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

  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. If I pass away, will my retirement plan go to my spouse tax free?

  57. Can I pull out most of my assets from my IRA and use the cash as long as I replace it in the IRA within a year?

  58. I am a teacher in a public school system and I don't presently have a 403(b) plan, but I do have some money in a Roth IRA and also a self-directed IRA. Can I roll my IRA funds into a newly opened 403(b) plan, since I am presently employed by the school sy

  59. I plan to retire in March 2005 at the age of 59.75. When and what percentage or dollar amount can I start withdrawing from my SIMPLE IRA account?

  60. Once substantially equal periodic payments (SEPP) of an IRA have started, is the payment fixed each year, or does it fluctuate with interest rates? Can payments be monthly?

  61. How do my siblings and I receive inherited pension benefit payments from our deceased parent?

  62. Who bears the investment risk in 401(k) plans?

  63. Can my spouse and I use our IRAs to purchase our first home?

  64. What are the exceptions to the early distribution penalty for a non-qualified Roth IRA distribution?

  65. Can a creditor seize my retirement savings?

  66. What is estate planning?

  67. Can I close my existing Roth IRA and invest in a new Roth IRA at a different financial institution without a tax penalty?

  68. I'm about to retire. If I pay off my mortgage with after-tax money I have saved, I can save 6.5%. Should I do this?

  69. Does participation in a 401(k) plan prevent an individual from contributing to a Traditional IRA?

  70. What do you do for a non-spouse beneficiary receiving a required minimum distribution (RMD) when the plan terminates? Is the purchase of an annuity the only option? Any thoughts on whether an IRA could be opened?

  71. I am 59 (not 59.5) and my husband is 65. We have participated in a SIMPLE IRA with our company for more than two years. Can we convert the SIMPLE IRA to a Roth IRA? If we can convert, do we have to pay tax on the SIMPLE IRA money placed in the Roth? Are t

  72. I'm an 80 year old making increasing required minimum distribution (RMD) tax payments. I plan to convert my IRA to a Roth IRA and pay the taxes for the total RMD. Will I be able to withdraw funds from the Roth the year following the conversion? I understa

  73. What is the best retirement plan option for a physician with her own practice, employees and a desire to fund her retirement without making things complicated? She'd like to avoid plans that rely on a stringent income test or require all employees to part

  74. What are the rules and reporting requirements for a rollover of a required minimum distribution (RMD)?

  75. Can I have a self-directed IRA or Roth IRA using the forex market?

  76. Where can I find information on multiple annual additions for someone employed by more than one unaffiliated company?

  77. I inherited a Roth IRA. What are my options for taking distributions from the account?

  78. After receiving a required distribution when and how are my taxes affected?

  79. What's the best kind of IRA for a 20-something?

  80. What are the income limits for Roth IRA contributions?

  81. My company is the trustee of our 401k plan (which has 112 participants). What are the pros and cons of having the company instead of the plan provider/vendor as the trustee?

  82. Can an individual contribute to both a Roth IRA and a Traditional IRA in the same year?

  83. Can I borrow from an IRA without penalty?

  84. Are there tax penalties for closing my Roth IRA account?

  85. Can investment real estate be purchased within an IRA and, if so, are there any pitfalls?

  86. I participate in a profit-sharing plan at work. If I retire at age 62, will I be able to withdraw the money tax-free, or must it be rolled over to another account or plan?

  87. Where can I find information on how to distribute my deceased parent's assets?

  88. I deducted my IRA contribution on my tax return but failed to transfer the funds. What do I do?

  89. I am rolling my 401(k) into an IRA. After a year, can I convert this amount to a Roth IRA tax free?

  90. I have two Roth IRAs, one of which has a balance that is much less than the total contributions I have made to the account. Can I write off the losses for that account?

  91. I failed to distribute an inherited 401(k) that was found in an audit. What happens now?

  92. I am in my mid thirties and have nothing invested for retirement. Is it too late to start contributing for a retirement plan?

  93. I converted my former IRA to a Roth for tax purposes in 1998, so even though the tax was paid over four years, am I correct to assume that this is now mine to withdraw, if I like, at no penalty? I am 60 years old.

  94. If an individual still has his or her former spouse as the beneficiary of an IRA, does the former spouse receive the assets upon the individual's death?

  95. My wife and I both converted our Traditional IRAs to Roth IRAs in Dec 1998 and have invested the maximum amount each year to date in the Roth. I am purchasing a new home in January. Do my wife and I each qualify for a one-time, tax-free $10,000 "qualified

  96. I made involuntary contributions to a retirement plan while temporarily employed. Can I withdraw these funds without penalty?

  97. My mother inherited my father's IRA. When she died, I received an account application listing me as the beneficiary, as well as notice that my brother and I will have to take my mom's required distribution. My brother is nowhere to be found. How should I

  98. Can an employer adopt a different type of retirement plan for each employee?

  99. If a trust is named as the beneficiary of an IRA, can the trustee of that trust become the beneficiary without the IRA owner signing the Change of Beneficiary form?

  100. If I roll my annuity into an IRA and receive after-tax distributions, will this be considered taxable income?

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