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I am thinking about withdrawing 401K and pension plan but do
I am thinking about withdrawing 401K and pension plan but do not want to pay 20% withholding on the federal tax. What is the best way to delay or push out the 20 % Federal tax withholding. Thinking ab… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I was 70.5 in 2019. If I rollover a pension lump sum to an
I was 70.5 in 2019. If I rollover a pension lump sum to an IRA before April 1, am I required a minimum distribution on the pension?… read more
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Alexander Efros
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Masters of Business Administration (MBA)
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What are the rules for inherited IRA for my son and daughter
What are the rules for inherited IRA for my son and daughter from me {father)? … read more
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Tax.appeal.168
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I would like to know if person dies who was 78 years old
I would like to know if person dies who was 78 years old when they died and they had an IRA account, this persons name was Irene. Irene was taking RMD's from this IRA account before she died. Irene di… read more
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I am disabled and my only income is SSA benefits. However,I
Hi! I am disabled and my only income is SSA benefits. However,I inherited an IRA account when my father died and I was required to take out a minimum amount (RMD). I did so and the account assistant w… read more
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My mother died 2/27/2018 and I inherited a Roth IRA. I have
My mother died 2/27/2018 and I inherited a Roth IRA. I have converted it into an inherited Roth IRA with the proper naming, etc. I am 67 and would like to avoid taking the RMD for five years and then … read more
Chad EA, CDFA®, CFP®
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I inherited my fathers 401k. from his second wife. whose
i inherited my fathers 401k. from his second wife. whose bithday and date of death do i use to calulate the minimum required distribution … read more
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I have a beneficiary Roth IRA from my mother. I made a
I have a beneficiary Roth IRA from my mother. I made a withdraw. during 2017. My 1099-R shows a distribution code T. Why am I being taxed on the amount? … read more
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My sons, 9 yrs old and 8 years old inherited traditional ira
my sons, 9 yrs old and 8 years old inherited traditional ira and roth ira from my ex deceased husband in March of 2015. I was named the custodian of the accounts. I transferred the accounts into roth … read more
socrateaser
socrateaser
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Jack and Jill are married. In June 2000, Jack retired on his
Jack and Jill are married. In June 2000, Jack retired on his 62nd birthday, while Jill was age 55. Jack and Jill both agreed to defer receipt of any distribution until Jack's RBD. If Jack were to die … read more
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My mother died in 2011. She named her 7 grandchildren as beneficiaries
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Lane
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JD, MBA, CFP, CRPS
Doctoral Degree
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We had income of $66,589 for 2011 (married file jointly) My
We had income of $66,589 for 2011 (married file jointly) My wife will be taking her pension about $565/month and a lump sum $19,000.00 +. She will continue to work for 2012. We will probably make a li… read more
R. Klein, EA
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I have a brother who recently died leaving 500k in a 401k plan
I have a brother who recently died leaving 500k in a 401k plan that had no named beneficiary. He never married and has no children. I am the last living relative and executor of his estate. Is it poss… read more
Robin D.
Robin D.
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My father died Oct 07 at the age of 74 and has a 401K that
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Bill
Bill
Master's Degree
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My mother passed away and left behind a 401k and IRA ...
My mother passed away and left behind a 401k and IRA accounts. There are 3 bene''s, all equal shares, and we are not sure on our options - have been told that we need to open an "inherited" IRA and be… read more
Bill
Bill
Master's Degree
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Re inherited IRA --mother dies, leaves son IRA. He ...
Re inherited IRA --mother dies, leaves son IRA. He takes distributions over his lifetime. He dies, remaining assets in IRA go to his wife, she stretches it and takes required distributions over HER li… read more
Bill
Bill
Master's Degree
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I have a 401(k) plan with before tax and after tax ...
I have a 401(k) plan with before tax and after tax accounts. Total is say $200,000 and Cost basis (my after tax contributions without earnings) is $40,000. I am 62. I only want to take Required Minimu… read more
Bill
Bill
Master's Degree
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John Gordos EA please. John, I have a couple as clients ...
John Gordos EA please. John, I have a couple as clients that have $258,000 of qualified funds in their IRA's and the funds are invested in two Fixed Equity Indexed Annuities - . She is 79 years old an… read more
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Bill
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