Retirement Problem She wants to be able to withdraw $100,000 from her savings account on each birthday for 15?
Posted On 14 Jun 2010 By Admin. Under Retirement Plan Distributions.
A time line will help in solving it. Your friend is celebrating her 29th birthday today and wants to start saving for her anticipated retirement at age 65. She wants ... Continue Reading
2 Comments
Roth IRA Rollover from Inheritance. ?
Posted On 03 Jun 2010 By Admin. Under Retirement Plan Distributions.
- I am inheriting around $30k from my Mom's IRA. I intend to roll it into a Roth IRA.
- I am a professional trader (yeah call it day trading, but ... Continue Reading
3 Comments
what does this mean….Where Is This Distribution From?
Posted On 01 Jun 2010 By Admin. Under Retirement Plan Distributions.
this is the situation.... my father passed away and left me his pension (I with drew all monies)and on the tax form it asks me where is this distribution from ... Continue Reading
4 Comments
The Redistribution of Wealth
Posted On 27 May 2010 By Admin. Under Retirement Plan Distributions.
The redistribution of wealth is not the plan of Jesus. Listen as The Honorable James David Manning teaches why. This message was preached on 23 August 2008.Duration : 0:7:56
... Continue Reading
25 Comments
Why should I open a traditional IRA or a roth IRA?
Posted On 26 May 2010 By Admin. Under Retirement Plan Distributions.
I am trying to learn about the IRA and roth IRA but I don't understand where the benefits are?
In a traditional IRA income taxes are paid by distributions while by ... Continue Reading
4 Comments
An economic stimulus idea. What do you think?
Posted On 24 May 2010 By Admin. Under Retirement Plan Distributions.
A penalty free one time withdrawal allowance from your personal retirement plan be it a 401k or IRA. The amount would be limited to say, 10% or $10,000 whichever ... Continue Reading
6 Comments
Calculating Required Minimum Distributions?
Posted On 17 May 2010 By Admin. Under Retirement Plan Distributions.
Hi, I was thinking about this scenario recently:
December 31st, 2035, I turn 70; December 31st, 2036 I'll be 71. I will always take my RMD before Midnight, December 31st ... Continue Reading
1 Comments
How much will I be taxed if I take money from my retirement?
Posted On 14 May 2010 By Admin. Under Retirement Plan Distributions.
My wife got laid off a few months ago and is working for another company and we can either roll it over to her new plan or take the distribution. ... Continue Reading
8 Comments
I am being audited, what do I do?
Posted On 09 May 2010 By Admin. Under Retirement Plan Distributions.
Okay so in 2008 I received an early distribution from an ESOP retirement plan that I had with a company I worked for. I paid the 10% penalty for taking ... Continue Reading
4 Comments
Why is my former employer reporting 1099 income for my rolled-over 401(k)?
Posted On 04 May 2010 By Admin. Under Retirement Plan Distributions.
I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I've done this several times before. I almost had a ... Continue Reading
8 Comments
