I will be 70 1/2 years of age on 15 Sept of next year. Based on my and my wife's ages, I will be transferring about 3% of my IRA to my regular trading account. Question 1: Can I wait...
Question: I took $15,000.00 out of my Edward Jones account. As it turned out I did not use the money. What if anything can I do to lessen the tax hit? Of course I am prepared to redeposit if that...
Question: I will reach age 70 1/2 in 2010. I will have to begin withdrawing from two IRA accounts. I have sufficient income and an emergency fund and want to invest the proceeds from both IRAs. I want to pay...
Question: I am over 70 years old and, of course, must take mandatory taxable withdrawals from my IRA. This year however, I have a $50,000 loss on a business (an LLC) I started and this loss will count as a...
The answer below is posted on behalf of Lynn Lawrance, CFP My question is related to the new law taking effect just for 2010 governing converting Simple IRAs to Roth IRAs. I turn 70 years old next year and will...
Question: I am current unemployed, and though I am receiving unemployment, it is barely enough for me to keep up with some of my obligations. My question is: Do I withdrawal some money from my IRA and take a hit...
Question: My son has about $500 less in his Roth IRA than he has contributed. He is 30 years old. If he cashed the Roth IRA out we understand there is no penalty or tax consequence since he would be...
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