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Do I add the balance in my 401k to my traditional IRA to
Do I add the balance in my 401k to my traditional IRA to calculate my RMD … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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After age 70 1/2, when one must make annual RMDs from TDSP
After age 70 1/2, when one must make annual RMDs from TDSP accounts, are there any conditions where taking out a normal loan from a banking institution, say to buy a car or other major purchase, would… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I am over 70 1/2. I have a 401K and an IRA. Do I have to
I am over 70 1/2. I have a 401K and an IRA. Do I have to take out from both accounts to satisfy the required minimum distribution? Or can I take out enough from one of the accounts to satisfy the RMD?… read more
Barbara
Barbara
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My client is 70.5 yrs old and must take an RMD from his 401k
My client is 70.5 yrs old and must take an RMD from his 401k account. The account has after tax contribution, in a sufficient amount to satisfy his RMD. May he take the entire RMD from the After Tax p… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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Can I withdraw distribution from my 401k for my IRA?
Can I withdraw my required mandatory distribution from my 401k for my insurance IRA? I have an IRA with an insurance company. It is qualified as IRA. I am 73 years old so I must take my required manda… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I am over 70 and have two IRA's and three 401B's and. If I
I am over 70 and have two IRA's and three 401B's and . If I have to take a required $12,000 out a year, I realize I have to take it out of both accounts. Is there any percentage I have to take out of … read more
Robin D.
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RMD on a Qualified SPIA? My wife and I each have a SPIA,
RMD on a Qualified SPIA? My wife and I each have a SPIA, opened with qualified money, which pays for our Genworth Long Term Care insurance. Each year we receive a distribution and each year we receive… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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My birthday is ***** 19, 1943. I have totaling $400,000.00 IRA
My birthday is ***** 19, 1943. I have totaling $400,000.00 IRA accounts. I have withdrawn totally $16,000.00 in tax year 2014. Is this amount meet the required min withdrawn from my IRA this year ?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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My birthday is XXXXX 1942.i have several accounts in my regular
My birthday is XXXXX 1942.i have several accounts in my regular ira. When is the last day i have to draw money from my regular ira? and how much? if i am late what is the penalty?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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for the purpose of the "Required Minimum Distributions", I
for the purpose of the "Required Minimum Distributions", I have several IRAs, annuities, and two 401K that I turned to IRAs. I am 701/2 years old this year. After detemining the total amount that I am… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
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My question concerns withdrawals from two 401K plans that I
My question concerns withdrawals from two 401K plans that I have. I will be 701/2 at this time next year. I have 120K from my original job and currently have 50K at my current retirement job. What is … read more
Robin D.
Robin D.
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Im 70 years old and have a 401K account with Merrill Lynch
I'm 70 years old and have a 401K account with Merrill Lynch I understand that I'll need to convert my account this year. What are my options and the tax implications that I must face.… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am 73, so I must withdraw each year from my annuity. When
I am 73, so I must withdraw each year from my annuity. When I requested the required minimum deduction from Hartford Insurance in 2010, I also signed up for an automatic withdrawal of the required ded… read more
Lev
Lev
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Bachelor's Degree Equivalent
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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
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I HAVE RETIRED AND PEOPLE TELL ME I MUST TAKE A PORTION OF
I HAVE RETIRED AND PEOPLE TELL ME I MUST TAKE A PORTION OF MY 401k OUT WHEN I TURN 70-1/2 YRS OLD. CAN YOU TELL ME WHAT %age AND WHAT I CAN DO WITH THOSE FUNDS? THANK YOU, LES.… read more
Robin D.
Robin D.
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MY MOTHER-IN-LAW TURNED 71 THIS YEAR AND WAS NOTIFIED BY TWO
MY MOTHER-IN-LAW TURNED 71 THIS YEAR AND WAS NOTIFIED BY TWO OF HER IRA INSTITUTIONS THAT SHE MUST BEGIN TO TAKE OUT MONEY THIS YEAR AND PAY TAX ON IT. MY QUESTION... WHAT IS THE MINIMAL AMOUNT THAT S… read more
Merlo
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I have a rollover IRA plus tax deferred annuities. My question
I have a rollover IRA plus tax deferred annuities. My question is,can I withdraw enought from just the IRA to satisfy the aggerate amount, or must I withdraw the minimum amount from each account separ… read more
Lev
Lev
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Bachelor's Degree Equivalent
31,754 satisfied customers
tHIS YEAR (2006) i TURNED 701/2 AND MUST MAKE A ...
tHIS YEAR (2006) i TURNED 701/2 AND MUST MAKE A " REQUIRED MINIMUM DISTRIBUTION" FROM MY 401K AND IRA. CAN THE CAN THE REQUIRED DISTRIBUTIONS BE ADDED TOGETHER AND TAKEN FROM ONLY THE 401K. mY REQUIRE… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,754 satisfied customers
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