FAQs tagged as

Saving And Budgeting Retirement

  1. What's the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)?

  2. How do I lower my debt-to-income (DTI) ratio?

  3. Will I pay taxes on my Social Security payouts?

  4. Can I deduct my Individual Retirement Account (IRA) contribution on my tax return?

  5. Can I contribute to a Roth IRA and still participate in my employer-sponsored retirement plan?

  6. At what age will I be eligible for the maximum Social Security payout?

  7. Can I take money out of my Individual Retirement Account (IRA) while working?

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

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

  10. Why is Social Security running out of money?

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

  12. What are the pros and cons of overdraft protection?

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

  14. What pension benefits are available to military personnel?

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

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

  17. How do I retire?

  18. Why should I pay myself first?

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

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

  21. 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?

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

  23. 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

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

  25. How can I use layaway plans for budgeting?

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

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

  28. A parent would choose to set up a Coverdell Education Savings Account for a child in order to save for college expenses AND:

  29. How do 401(k) loans work?

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

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

  32. 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?

  33. Why do you need an emergency fund?

  34. What are the requirements to be able to contribute to an HSA?

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

  36. How do I know if I qualify to open a HSA (Health Savings Account)?

  37. Should I collect early Social Security?

  38. What is the "stretch IRA" concept?

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

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

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

  42. How do I stop emotional spending?

  43. Which of the following accounts does ERISA cover?

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

  45. What is pension maximization?

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

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

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

  49. 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?

  50. What is cliff vesting?

  51. How do I use a conduit IRA?

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

  53. 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?

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

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

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

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

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

  59. 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?

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

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

  62. 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

  63. 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?

  64. I withdrew funds from my Roth IRA to contribute elsewhere. How will I be taxed?

  65. Do I have to continue SEPPs for an inherited IRA?

  66. I inherited a Roth IRA. What are my options for taking distributions from the account?

  67. Can I roll the funds in an SEP-IRA over to a profit-sharing plan or self-directed retirement vehicle?

  68. What is the difference between a Keogh and an IRA?

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

  70. 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?

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

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

  73. I am 52 years old and wish to make a withdrawal from my 401(k) plan. Is there any way I can avoid having to pay additional tax on the grounds of hardship - e.g. unemployment?

  74. Is divorce an exception to the SIMPLE IRA's two-year waiting period rule?

  75. What procedure applies to a taxpayer who made excess contributions for 2001, 2002, 2003 and 2004 and has neither withdrawn the excess and the earnings for 2001-2003, nor recharacterized 2004 to a Traditional IRA? How are multiple years such as this to be

  76. Should I put money into a retirement account even if it isn't tax deductible?

  77. Who bears the investment risk in 401(k) plans?

  78. Can my spouse and I use our IRAs to purchase our first home?

  79. I have two Roth IRAs, one of which has a balance that is much less than the total contributions I have made to the account. Can I write off the losses for that account?

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

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

  82. Can I move my IRA to a better income-producing opportunity?

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

  84. I plan to retire in March 2005 at the age of 59.75. When and what percentage or dollar amount can I start withdrawing from my SIMPLE IRA account?

  85. Once substantially equal periodic payments (SEPP) of an IRA have started, is the payment fixed each year, or does it fluctuate with interest rates? Can payments be monthly?

  86. How do my siblings and I receive inherited pension benefit payments from our deceased parent?

  87. Which is a better measure for capital budgeting, IRR or NPV?

  88. Can I have a self-directed IRA or Roth IRA using the forex market?

  89. Where can I find information on multiple annual additions for someone employed by more than one unaffiliated company?

  90. Are any special forms or documents required when transferring an IRA/SEP/SIMPLE to a Traditional IRA?

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

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

  93. If I pass away, will my retirement plan go to my spouse tax free?

  94. 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?

  95. 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

  96. I am 59 (not 59.5) and my husband is 65. We have participated in a SIMPLE IRA with our company for more than two years. Can we convert the SIMPLE IRA to a Roth IRA? If we can convert, do we have to pay tax on the SIMPLE IRA money placed in the Roth? Are t

  97. I'm an 80 year old making increasing required minimum distribution (RMD) tax payments. I plan to convert my IRA to a Roth IRA and pay the taxes for the total RMD. Will I be able to withdraw funds from the Roth the year following the conversion? I understa

  98. What is the best retirement plan option for a physician with her own practice, employees and a desire to fund her retirement without making things complicated? She'd like to avoid plans that rely on a stringent income test or require all employees to part

  99. I deducted my IRA contribution on my tax return but failed to transfer the funds. What do I do?

  100. I am rolling my 401(k) into an IRA. After a year, can I convert this amount to a Roth IRA tax free?

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