FAQs tagged as

Retirement Saving Plan

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

  2. 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?

  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. What are the income limits for Roth IRA contributions?

  9. 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.

  10. 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?

  11. 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

  12. If I participate in my company’s SIMPLE IRA plan, can I also contribute to another IRA in order to receive a larger tax deduction?

  13. Can I roll over my IRA assets to a sheltered Canadian plan?

  14. What are the tax consequences of a Roth IRA distribution if the IRA holder is younger than 59.5?

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

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

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

  18. My spouse has little/no income. Can I contribute to my spouse's IRA?

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

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

  21. How do I "vest" something?

Trading Center