FAQs tagged as

Retirement Saving Plan

  1. Can I roll over a profit-sharing plan to an SEP IRA account without suffering any tax penalties and liquidation of current positions held in this account?

  2. Can you have a 403(b) and also contribute to a 401(k)?

  3. Can a person who is retired continue to fund an IRA?

  4. My certificate of deposit (CD) has just matured and I plan to contribute $10,000 of it to my current Roth IRA account. The person doing my taxes can't tell me why I can't make such a large contribution except for my low income - I am a disabled veteran on

  5. Can I fund a Traditional IRA, a 403(b) or a Roth IRA using pension money? I'm 56 years old. What limits apply if I can?

  6. I earn more than the income limit for both a Roth and Traditional IRA deduction. Should I contribute anyway?

  7. 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?

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

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

  10. Can I, without tax penalties, use the IRA I inherited from my father to buy a home that I will live in? He was 72 and had started taking small payouts on it.

  11. My Traditional IRA has been converted to a Roth IRA. Can I still make a qualified withdrawal as a first-time home buyer?

  12. When should I take my Canadian Pension Plan distributions?

  13. My husband has become eligible for a 401(k) plan (with no matching contribution) at work. How do we get back the $9,000 that we already contributed to our IRA for 2005 without a penalty? My husband earns $144,000/year and we're both over 50 years old.

  14. I am retiree, drawing from my 403(b) annuity. I am the sole employee of my own business. Do I qualify for a SIMPLE IRA account? I want to defer some of my income from taxes.

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

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

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

  18. What are the exceptions to the early distribution penalty for a non-qualified Roth IRA distribution?

  19. Can I roll my SEP IRA into a Traditional IRA or should I convert to a Roth?

  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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