FAQs tagged as

Retirement Saving Plan

  1. 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?

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

  3. My company has three partners but plans to hire more this year. Would we be better off with an SBO-401(k) or a SIMPLE IRA?

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

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

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

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

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

  9. 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?

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

  11. Can I borrow from an IRA without penalty?

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

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

  14. 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?

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

  16. How do I "vest" something?

Trading Center