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I'm retired, age 67 now. I know that RMD from IRA is
I'm retired, age 67 now. I know that RMD from IRA is required when I turn 70 1/2, but I have already started to take distributions to cover living expenses on purchase of a new home.. Is there a way t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I am 74 years old, retired, and have recently withdrawn
I am 74 years old, retired, and have recently withdrawn monies from my IRA over the required minimum distribution amount to pay bills. I Can I replace the monies back into my IRA now to preclude a lar… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I have an inherited IRA. My daughter died in 201,age 60. The
I have an inherited IRA. My daughter died in 201,age 60. The rollover was done this year. Because she was not 70 1/2 the rollover did not have to be done in the year she died but must follow the 5 yea… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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Are there any tax consequences of combining my pretax
Are there any tax consequences of combining my pretax rollover dollars with my after tax traditional dollars? I have multiple rollover accounts and multiple traditional IRA accounts I wish to consolid… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
I hava a 401K that I want to roll over to an IRA before
I hava a 401K that I want to roll over to an IRA before making the rmd. If I make the rmd from the 401k, I can't donate it to charity and my income will be over the medicare threshold in 2018 so I wil… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
I inherited two IRAs from my wife as the sole designated
I inherited two IRAs from my wife as the sole designated beneficiary, held at two different financial institutions. My wife passed away in September 2015. The IRA account numbers were changed, but in … read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
10,740 satisfied customers
From my one IRA account i'v taken several distributions this
from my one IRA account i'v taken several distributions this year on different dates within the last 60 days, in july and august can i put money from different dates."… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I inherited an IRA in 2007 (non-spouse) and withdrew based
I inherited an IRA in 2007 (non-spouse) and withdrew based on MRD requirements related to the stretch option. I paid taxes over the years related to these MRD withdrawls. Just recently I was informed … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
ROTH Taxes: Previously Withheld Distributions: Tax
ROTH Taxes: Previously Withheld Distributions: Tax Free Rollover Taxes: Never Withheld Distribution: 100% taxable Traditional: Taxes: Some taxes were withheld & Some taxes were not (contributions redu… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My mother died in 2011. She named her 7 grandchildren as beneficiaries
My mother died in 2011. She named her 7 grandchildren as beneficiaries on her Pension Plan (Money Purchase Pension Plan). She took her RMD in 2011. 3 of the 7 beneficiaries took total distributions in… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
I have managed accounts at a major brokerage house for my non
I have managed accounts at a major brokerage house for my non contributory IRS, IRA annuity and Keogh. At age 69 in year 2000, I took out an annuity from 1/2 of my IRA. It was implied or I misundersto… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I have rolled over my 401k (terminated at age 54). I had the
I have rolled over my 401k (terminated at age 54). I had the pre-tax amount, 1,077,000, sent direcltly into a rollover IRA. I had the pre-1987 after tax amount, 47,000, sent directly to my Roth IRA. T… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
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
Stephanie B.
Stephanie B.
Accountant
Master's Degree
560 satisfied customers
My wife has a 401K with a balance of $80K and is asked to move
My wife has a 401K with a balance of $80K and is asked to move it to an IRA in the next week or they will send her a check as the company was sold. My wife will be 70 this July. She works a couple day… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
I am a traveling salesman and I will be 75 in Oct 2010. I have
I am a traveling salesman and I will be 75 in Oct 2010. I have a 401k and like most people took a beating last year. Now I can't afford to retire. I plan to keep working next year and possibly beyond.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
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
2,074 satisfied customers
Taxpayer has read an article in the newpaper giving a tax ...
Taxpayer has read an article in the newpaper giving a tax savings idea which has to do with the mandatory withdrawal of retirement funds at age 70.5 years. The article says to use an IRA to make a cha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I am 62 and I have three traditional IRAs plus a ...
I am 62 and I have three traditional IRAs plus a regular brokerage account at TDWaterhouse. I took a large distribution from my IRA 1 account in order to buy a home (not my first) with a non-contingen… read more
Steven Weinstein, Esq
Steven Weinstein, Esq
Attorney
Post-Doctoral Degree
54 satisfied customers
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