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I turned 70 years old on May 31st and I have an IRA. I want
Hi, I turned 70 years old on May 31st and I have an IRA. I want to know if it is better to wait until November to withdraw my minimum required amount? I have received 3 different answers from JP Morga… read more
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Received an inherited IRA in 2017 from deceased sister.
Received an inherited IRA in 2017 from deceased sister. $8400 plus $1300 interest. Didn't realize or know anything about IRAs until I started preparing my tax. My sister was 68 years 20 months when sh… read more
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I am 70 1/2 years old and have an IRA account and and
I am 70 1/2 years old and have an IRA account and and Individual account with a bank. My financial advisor says that there is required minimum distribution from my IRA account and that I cannot reinve… read more
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I have a tax question for required minimum distributions
I have a tax question for required minimum distributions after 70.5 years of age.Let's suppose someone takes 5 times the RMD in 2016. Can any portion of that money count for 2017? In other words, can … read more
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I am 73 years old and divorced as of April 2017 living in
I am 73 years old and divorced as of April 2017 living in California. My ex-wife, 68 years of age, filed divorce in June 2016 and separated. I had $ 2 million in my IRA account as of Dec. 2016 and tra… read more
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Have small traditional ira. Am 74 years old and just
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I will have to withdraw money from my 401k upon reaching
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How is an IRA handled when the person has passed? My wife
how is an IRA handled when the person has passed? My wife is the financial representative. We did not take a distribution in 2015, the year she died but did take the distribution in March 2016. What p… read more
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I am a 74 year old widow who works part time. My income in
I am a 74 year old widow who works part time. My income in 2014 was 22,000. I had $10,000 in a traditional IRA, took the minimum required distribution, which was apprx $450.00. However, my daughter wa… read more
Robin D.
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I was 70 1/2 years old in August 2015. I am still working.
I was 70 1/2 years old in August 2015. I am still working. Every year I make the maximum contribution to an IRA. I hear that I need to start taking distributions soon. When do I need to do that? What … read more
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I am 80 years old. I have in my $88300.84 IRA account. Look
I am 80 years old. I have in my $88300.84 IRA account. Look like I will have to paid $9862.84 this year. Would it better if I close my account… read more
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tax question when i turn 70 in 1 1/2 its my understanding
tax question when i turn 70 in 1 1/2 its my understanding i have to take some payment from my 401 and roth ira. how much do i have to take each year . i have about 300K/yr income from other investment… read more
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I HAVE AN OLD 401K PLAN AND A NEW ONE WITH MY NEW EMPLOYER.
I HAVE AN OLD 401K PLAN AND A NEW ONE WITH MY NEW EMPLOYER. I WILL BE TURNING 70 AND A HALF SOON AND DO NOT WANT TO TAKE A MINIMUM DISTRIBUTION FROM THE OLD PLAN. IF I ROLL IT OVER INTO THE NEW PLAN W… read more
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When must a 74 year old begin taking distributions from an
When must a 74 year old begin taking distributions from an IRA established in January, 2011?… read more
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I have an Annuity that is an IRA that I rolled over from a
I have an Annuity that is an IRA that I rolled over from a brokerage account with Fidelity 3 years ago. I am now 74 and I am retired and am not married. I have an opportunity to take a 10% free withdr… read more
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a 74 old withdrew her $98,000 401K and closed out the account.
a 74 old withdrew her $98,000 401K and closed out the account. It is now in a Personal IRA not connected to the stock market. Will she have to pay taxes on it if she leaves it there? And can she form … read more
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I need to move my 401k and I need to know if I can move it ...
I need to move my 401k and I need to know if I can move it to an IRA account without penalty or paying taxes. My job was phased out and I am 74 years old.… read more
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Trying to determine Required Beginning Date for calculating ...
Trying to determine Required Beginning Date for calculating a Required Minimum Distribution on qualified retirement plan Planholder retired on Dec. 31, 2004 (was 74 years old upon retirement) . He die… read more
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