FAQs tagged as

Retirement

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

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

  3. Why is Social Security running out of money?

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

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

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

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

  8. Are 401(k) loans taxed?

  9. What pension benefits are available to military personnel?

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

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

  12. How do I retire?

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

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

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

  16. 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?

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

  18. 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

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

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

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

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

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

  24. How do 401(k) loans work?

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

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

  27. 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?

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

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

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

  31. Why is accidental life insurance so inexpensive?

  32. Should I collect early Social Security?

  33. What is the "stretch IRA" concept?

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

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

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

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

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

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

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

  41. Which of the following accounts does ERISA cover?

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

  43. What is pension maximization?

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

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

  46. What is long-term care?

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

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

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

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

  51. 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?

  52. What is cliff vesting?

  53. How do I use a conduit IRA?

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

  55. 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?

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

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

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

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

  60. 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?

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

  62. 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?

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

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

  65. 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?

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

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

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

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

  70. 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?

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

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

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

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

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

  76. 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?

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

  78. 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

  79. 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?

  80. 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?

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

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

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

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

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

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

  87. 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?

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

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

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

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

  92. 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

  93. 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?

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

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

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

  97. Why should I bother creating a budget?

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

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

  100. Who qualifies as "single" for tax or retirement purposes when spouses do not live together?

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