Retirement FAQs

  1. Why is there a cap on the Federal Insurance Contribution (FICA) tax?

  2. What's the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)?

  3. Will I pay taxes on my Social Security payouts?

  4. Can I deduct my Individual Retirement Account (IRA) contribution on my tax return?

  5. Can I contribute to a Roth IRA and still participate in my employer-sponsored retirement plan?

  6. At what age will I be eligible for the maximum Social Security payout?

  7. Can I take money out of my Individual Retirement Account (IRA) while working?

  8. What's the difference between an individual retirement account (IRA) and an annuity?

  9. What's the difference between an individual retirement account (IRA) and a certificate of deposit (CD)?

  10. Why is Social Security running out of money?

  11. Can my spouse and children collect my Social Security when I die?

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

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

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

  15. Are 401(k) loans taxed?

  16. What pension benefits are available to military personnel?

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

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

  19. How do I retire?

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

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

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

  23. 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?

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

  25. 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

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

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

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

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

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

  31. How do 401(k) loans work?

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

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

  34. 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?

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

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

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

  38. Should I collect early Social Security?

  39. Why is accidental life insurance so inexpensive?

  40. What is the "stretch IRA" concept?

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

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

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

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

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

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

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

  48. Which of the following accounts does ERISA cover?

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

  50. What is pension maximization?

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

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

  53. What is long-term care?

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

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

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

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

  58. 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?

  59. What is cliff vesting?

  60. How do I use a conduit IRA?

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

  62. 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?

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

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

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

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

  67. I have just been laid off. Can I use my 401(k) for living expenses now and report it as income next year?

  68. Are my IRAs secure against possible liens?

  69. If there are two plans and one is terminated, creating a distributable event, can loans in the terminated plan be rolled over?

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

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

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

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

  74. 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?

  75. Can a simplified employee pension (SEP) IRA be converted to a Roth IRA in the same manner that a Traditional IRA can?

  76. My husband has a 401(k) account which is 100% vested with an $8,000 balance. We are in foreclosure and need a hardship withdrawal. The investment management company which handles my husband's account says we can't withdraw anything because we have not con

  77. My uncle died recently. He designated my mother and father as his beneficiaries in 1997, after his divorce, and did not make any changes after he remarried in 2000. My uncle's current spouse is now fighting for money from the plan. Does she have a leg t

  78. How can I make sure that past IRS errors have been corrected?

  79. I am only 17 years old. I don't have a job or pay taxes. Can I contribute to an IRA?

  80. Are the deferred earnings in a SIMPLE IRA subject to FICA taxes?

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

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

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

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

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

  86. 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?

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

  88. 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?

  89. 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

  90. 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?

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

  92. Can IRAs be held jointly by spouses?

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

  94. 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?

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

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

  97. 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?

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

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

  100. 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?

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