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I am 63 y/o disability beneficiary. I have regular IRA

I am 63 y/o disability beneficiary. I have regular IRA account, and this is my only investment account, offered to me when a year and a half ago I made changes from 401k into IRA and moved those money into my bank (PNC Bank), currently somewhat about $26 thousand (twenty six). It's invested 100% in Equity product named "SVACX FEDERATED STRATEGIC VALUE DIVIDEND CL C".I found recently that communication with my bank advisers is not satisfactory to me: I prefer written, over spoken advice.Here I have some questions:1, Am I eligible to move these money without a kind of penalty, into other products, i.e. individual stocks?2, If I am eligible, how to make such operation? I can't find this on my bank site, except those offered by the bank.

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PDtax

Owner

Master's Degree

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I have some funds that I want to tuck away; It's sitting

I have some funds that I want to tuck away; It's sitting in a money market account now. My thought was a annuity, but It was suggested that a indexed CD would be an option also. My priorities of safety and return look to be met by both, as the annuity is guaranteed by the insurance company, and the indexed CD is backed by FDIC. The potential return looks equally OK for both, and I am leaning toward the CD. Any insight or suggestions.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I want to invest most of an inheritance in an index fund.

I want to invest most of an inheritance in an index fund. Reading about it has confused me. The one clear advice that's popped up a lot is to use Vanguard. Otherwise, I want to invest as to closely follow the stock market average as possible, and then forget about the money for a while. Walk me through the steps of doing this, probably with Vanguard? Also, what's generally the cost or timetable to withdrawing that money, if I wanted to do so in a pinch? Thanks in advance.

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Andy4712

Attorney

Doctoral Degree

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I would like you to evaluate my retirement and personal

I would like you to evaluate my retirement and personal investments. My wife and I are 74 and only debt is home mortgage ($156K) and vacation cabin ($95K). Our SEP value is $162K and invested in these Equities: Enerplus Corp, Ford Motor Co New, GE Cap Corp, Callable, Ishares Gold Trust, Kinder Morgan, Northwest Pipe Co, and, Tembec Inc New; AND, in this mutual fund: Nuveen Small Cap Select; AND, in these two Taxable Bonds: Goldman Sachs Cap II FLTG, and, Transocean Inc.We are interested in income and income/growth, so that is the reason for the bonds and others that pay dividends/interest.We are too old for growth alone. Our broker is not too hot on investing in long term growth stocks/mutual funds. Not much time at our age to recoup significant losses.Our Personal Savings value is $58K, and, is invested in: Enerplus Corp, Telecom Argentina SA, and, American Cap World Grow and Inc Fd.We have $252K in cash (savings and checking). We have $228K in equity of our home, cabin, cars, and travel trailer.Our estimated net worth is $700K. We get $30K/year from our SEP ($2,500/month) and $36K/year in SS benefits.What are your thoughts of our investments? What changes would you suggest in any area of this information? Good paying interest/dividends on Bonds are very rare now. Our broker keeps an eye open for good paying bonds. We are conservative in our spending and our main checking account grows some each month. Do you think we are pulling out too much from our SEP-IRA?

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PDtax

Owner

Master's Degree

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I have been in the Bond market decade now and want to

I have been in the Bond market for a decade now and want to get back into the DJIA Index funds. I have about 1/3 of my porfolio in cash alternatives ready to go in. My concern is when to buy in this heavy? As we have been the highest the dow jones has ever been lately, my concern is having a huge drop after buying in that heavy or would it be prudent to wait this bull market out expecting a few years of bear market in the future?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,802 satisfied customers
I want to open an IRA year 2015 and make a maximum

I want to open an IRA for tax year 2015 and make a maximum catch-up contribution. My accountant said he could set up an account for me. What type of fees should I expect to pay? Are there accounts I can set up myself without fees? What questions should I ask him to make sure I'm getting the best account?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,802 satisfied customers
In my brokerage account, if I have gain or loss on Options,

In my brokerage account, if I have gain or loss on Options, not directly on buy or sell stocks, how do I file tax return with these gain or loss? Consider them as short-term stock gain/loss, or as dividend gain/loss?

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Jason M. Tyra, CPA

Principal

Master's Degree

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362 satisfied customers
There are many retirement annuity-like programs sound very

There are many retirement annuity-like programs sound very attractive. Recently I saw one on TV that says once you sign-in, your acct will increase 20% (becomes 120% of the money you bring in), preserve your principle, life long benefit, and your benefit is increasing yearly, never decrease, etc. Is it too good to believe? Or is it a very normal thing? There are many of brokers doing these, and in a certain period of time, their policies are very similar. So does that mean these are some bigger companies' promotions?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,802 satisfied customers
Are silver and gold good investments right now? Im looking

Hi. Are silver and gold good investments right now? Im looking at spending a little from each paycheck. And which one would you recommend? Thanks for your time.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

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8,928 satisfied customers
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