FAQs tagged as

Retirement Saving Plan

  1. Can my spouse and I convert our IRAs to Roth IRAs regardless of earned income?

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

  3. 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

  4. Is it easier to save for retirement if you start earlier in life? Can I make up for what I don't save now by contributing more later on?

  5. I have several jobs. Can I contribute the maximum to multiple employer retirement plans?

  6. Will I incur a tax penalty when making withdrawls from my IRA in excess of my SEPP?

  7. I'm 70.5 and still working for my own company. Can I defer starting my required minimum distributions?

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

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

  10. If I am no longer employed, can I roll over a 403(b) plan into an IRA?

  11. 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?

  12. 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

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

  14. What is the difference between a Traditional and a Roth IRA?

  15. I didn't record my Traditional IRA contributions. Is there a website that lists IRA contribution limits for past years?

  16. I own a small business. Can the SBO-401(k) work for me?

  17. What's the difference between a savings account and a Roth IRA?

  18. Should I start taking my RMD based on the amount in my account when I turn 70.5?

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

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

  21. How do I "vest" something?

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