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...
Question: I don't consider myself in the "investor" class, though I do have an IRA and a CD. When I got divorced in the mid-90's, I got a fixed (can't go below 3%) annuity (QUADROPRO) or whatever it's called, with...
Can the annual MRDs (minimum required distributions) from pre-tax retirement funds (IRAs and 401Ks) that are mandatory starting at age 70 and 1/2 be rolled into a Roth IRA account? I realize that taxes would apply to the MRDs as...
Editor's note: Please note that Ryan Huey's response to this question has been updated to reflect a change in the rollover rules. Our apologies for the initial error, and thanks to the reader who pointed it out. Question: Our daughter,...
Question: My husband and I both had transferred IRA investments from one financial institution to Wachovia Bank during the year 2008. At Wachovia we invested the entire amount of the transfer into IRA Certificates which will mature Aug. 2009. Now...
Question: My wife and I recently retired. I opted for a lump sum from TRS. Made a roll-over to USAA Investment Management Company. At this time I would like to invest $45,000 into an extended guarantee fixed annuity of 5...
Question: In hopes that you are still taking financial questions, I'm hoping for some guidance. My employer (school district) is no longer allowing me to contribute to my current 403b company. I have to select from an authorized list. I...
Question: I have a 401(k) from a previous employer and am planning to roll it over to Vanguard where my individual IRA accounts reside. Most of the 401(k) is allocated in managed funds and I am wondering if there is...
Question: I listen to the people each Saturday and Sunday to the radio talk shows about financial advice. Recently one of the advisors made a statement about the RMD from a IRA. He told his listeners that a person could...
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