An IRA may be transferred to a spouse or ex-spouse as the result of a divorce or separation decree. The spouse receiving the IRA becomes the owner of the assets in the other spouse's IRA on the effective date of the transfer. The two methods to transfer the assets are: Name change:...
An IRA may be transferred to a spouse or ex-spouse as the result of a divorce or separation decree. The spouse receiving the IRA becomes the owner of the assets in the other spouse's IRA on the effective date of the transfer. The two methods to transfer the assets are: Name change:...
That is: While the numbers say one thing, investors too often do another and it's often frustratingly flawed. So the purpose of a great advisor might be – and often is – to protect people from themselves. "The biggest advantage of an advisor is not the financial expertise provided or ...
Additionally, you can have your employer roll over your 401(k) funds into an annuity without withholding any taxes since no mandatory withholding requirements pertain to funds directly transferred into an annuity by an employer.Q. If I decide to roll over my IRA, 401(k), or lump sum ...
Among other things, I wanted to see if these guys were just another heavy handed sales outfit or a company staffed by knowledgeable and helpful people. I was relieved to find that the person on the other end of the phone was a para-legal professional who answered all my questions thoroughly...
IRA Can Keep Weapons for Another YearTHE Government has given the IRA another 12 months before they have to hand in a single gun, bullet or ounce of explosive.Nelson, Nigel
In another Money Girl episode, 768, Laura covers three legit ways to have a Roth IRA–even if you’re technically ineligible because you earn too much–and why their tax-free benefits are so powerful for young owners and retirees. Listen in the player here: ...
After this discussion I kind of realised that throughout my life, I've never really been great at the creativity part. My strength has always been that I have a decent memory. I could look at some problem and relate it to another problem I solved very long ago, but rarely I could com...
to a different IRA, or back into the same account within 60 days from the date of distribution without triggering the premature withdrawal penalty.2Funds can either be transferred from one custodian to another, or
Deciding which retirement account is better, either a 401(k) or an IRA, will depend on the individual and their specific needs. A 401(k) allows for more contributions to be made than an IRA.9Additionally, 401(k)s can be easier to manage, since participants generally have a range oftarg...