Question: how does one buy a particular stock for an individual ira but not go through a broker with their attendent fees and retain possession of the stock yourself - not using the broker as the trustee of the stock...
QUESTION: I am 73 years old and have IRA Money Market account for $135,000. My Wife is 72 and her IRA Money Market account is $60,000. We are getting almost no interest income. What can we do to generate some...
I have the following question. I make appox 150,000/yr. purchasing a house and RV. Would like to sell or move the rv in order to increase disposable income to purchase newer house. Would it be a good move to...
Am I correct in that no distributions from IRAs are required for 2009? Click below for answer...
Question: I plan to participate in the opportunity to shift funds from a traditional after tax IRA to a Roth in 2010. These funds will consist of after tax contributions and taxable "earnings". I presume I will be taxed only...
QUESTION: The last 3 years I've been paying quite a lot in taxes at the end of the year. I've been thinking of starting an IRA account to cut down on my taxes. I don't need it for retirement, but...
Question: Dear Sir/Madam, I am 62 yrs. old and currently unemployed. I want to tap into my IRA Rollover funds to pay off a HELOC and PLOC. I would like to know the tax ramifications and how this affects my...
I have read that if you withdraw only 4-5% from your retirement account(s) such as 401k and IRAs, then you are less likely to run out of money before you die. My question is: is there an age at which...
My parents have an IRA from which they get a yearly sum distribution. However, they are running out of money and the only money they have left is in this account. Can they withdraw from the account more frequently, take...
Question: I would like to expend the question already asked and replied by Ryan Huey regarding contributions to a Roth IRA. I would like to know if non-Social Security retirement pay from a private company is considered earned income for...
Question: I have a son 50yrs,, daughter 48yrs. grandaughter 23 yrs., and great granddaughter 4yrs. and want to know how I list my beneficiaries on my traditional IRA and Roth IRA so that my son and daughter inherit 50/50 when...
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...
Question: my wife has appx. 220k in an ira. she has also becomed disabled this last year. she is also drawing ssi disability. i would like to know if we file our income tax seperate but married. her ssi disability...
Question My wife (58) and I (56) have a net worth of about $1.4 mil. No mortgage and no credit card debt, and a desire to try retiring when she is 62. I understand the advantage of delaying Social Security...
Question: I am 70 years old and considering investing my IRA in an annuity. I am concerned about fees and understand there are surrender charges if I withdraw money in the first eight years. The annuity company is promising a...
My husband is getting a lump sum of money from his 401K from Raytheon ( which was part of T. I.) at age 55 (2 more yrs). It is almost $85,000. With the economy the way it is, will it...
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...
Most of the time a qualified plan is more expensive than a self directed IRA. Judging by the funds you own you are paying an advisor knowingly or unknowningly
I am 55 and retiring with over 30 years of service from a large local company. I have the option of taking a lump sum or a monthly annuity. Normally I would lean toward the lump sum, but with the...
Question: We have an IRA and are thinking about rolling it over. I have been thinking about just getting a CD. I have lost so much with it this pass year. Please give me some suggesting. Thanks, Mary N. Click...
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