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My question concerns IRAs. My wife and I have a trust and I
My question concerns IRAs. My wife and I have a trust and I have 4 different IRAs and she has one. Is it possible when the second of us dies that all of my IRAs can be rolled into one and the distribu… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,061 satisfied customers
I turned 70 in February 2019. What is the deadline for
I turned 70 in February 2019. What is the deadline for paying tax on tax deferred investments? Also, do I pay a percentage on each tnvestment or do I pay the percentage on total amount of tax deferred… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,061 satisfied customers
Can i use the profits from a self directed IRA (Real Estate
Can i use the profits from a self directed IRA (Real Estate Monthly Income), and be taxed regularly. It was a Beneficiary IRA so I know I don't have the 10% penalty and that I do have to take the RMD.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
This is a question pertaining to RMD. I have an annuity that
This is a question pertaining to RMD. I have an annuity that was funded with IRA money from which I am taking monthly $1,278.55 draw downs.. This is $15,342.60 annually to which MetLife had previously… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Please, when I reach 70 1/2 I must start taking retirement
please, when I reach 70 1/2 I must start taking retirement account distributions. What is the amount I must take? If I have more than one account must I take that amount from each? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
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
32,057 satisfied customers
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 $12,000 out a year, I realize I have to take it out of both accounts. Is there any percentage I have to take out of … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I closed 2 IRAs in 2015. The first was no problem. I took
I closed 2 IRAs in 2015. The first was no problem. I took the check to my broker and it was accepted. The second IRA check was refused and I was told to cash it and take out the RMD for the now one IR… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I have a question about RMDs. I have 3 IRAs. 1st is
Hi. I have a question about RMDs. I have 3 IRAs. 1st is annunitzed. I get about 8,000 a year. It will not have a balance on Dec 31. 2nd is a variable annunity that i get a guarnteed annual income of 1… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
my dad passed away and left me benificiary on his IRA 119,00$,
my dad passed away and left me benificiary on his IRA 119,00$, Im to split it with my two sisters. What tax percentage would i py on this or what do you suggest best for me… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,061 satisfied customers
I need to take an RMD this year. Must I take it from both
I need to take an RMD this year. Must I take it from both my IRAs and my TSAs (403b), or can I take it from just an IRA OR a TSA… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 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, CFP, MBA, CRPS
Doctoral Degree
20,061 satisfied customers
Im turning 70-1/2 on 8/21/13. Can you show me the tax rate
I'm turning 70-1/2 on 8/21/13. Can you show me the tax rate schedule for annual IRA min distribution and do I pay tax on that distribution for all of 2013 or 6 months.… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,061 satisfied customers
I turned 70.5 this year (2011) and need to take RDMs (required
I turned 70.5 this year (2011) and need to take RDM's (required minimum distributions) from my 6 different IRA accounts. One of these accounts is a 7 year Immediate Annuity for which I have been recei… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,057 satisfied customers
I am 72 years old. I have an IRA currently valued at about
I am 72 years old. I have an IRA currently valued at about $750,000. Last Year it was $300,000 in CASH and I took the minimum mandatory distribution of about $10,000 based upon the life expectancy tab… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,057 satisfied customers
I am a university professor older than 70.5 still working and
I am a university professor older than 70.5 still working and still contributing to my TSA and ORP retirement plans. I also have seperate IRAs. This is the first year for me to take required minimum d… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
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
Retired
Bachelor's Degree Equivalent
32,057 satisfied customers
This is a NJ income tax question. I understand that when I
This is a NJ income tax question. I understand that when I take my RMD for IRAs I can lump all the IRAs together and figure out the RMD. I can take the entire RMD from a single IRA. My question: If I … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
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