| Subject | Date Asked |
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| early withdrawal from SEP | 8/12/2008 |
Q: How do we determine what the taxes and penelty would be on an early withdrawal from our SEP? ...
A: This is very simple. A withdrawal from your SEP counts as income taken for that year for which the ...
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| DAD'S ESTATE | 7/10/2008 |
Q: My mom passed away and left a CD w/Dad as co-owner, and named 3 of 5 children ad beneficiaries -- He ...
A: You did not provide too much detail on the specifics of the CD. However, it seems hard to believe ...
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| Estate Planning-Lump Sum for Grandpa? | 7/7/2008 |
Q: Lump sum for my Grandfather? My family has offered to sell me my grandfather’s home in Florida, ...
A: Paul, this question is rather long and has several components. It also leaves out a lot of important ...
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| Suggestions? | 6/2/2008 |
Q: I am 55, retired military with a $1660/mo pension...taxable...and a non-taxable VA disability of ...
A: Denver, thanks for your question in advance. Based on the situation you provided for me I would ...
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| 401k | 5/18/2008 |
Q: My mother is 65, had a heart attack, and will be retiring next month. She will be receiving about ...
A: Mary, thanks for your question. Based on the information you are providing, I would say that her ...
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| Pension Plan Rollover to IRA | 5/15/2008 |
Q: I have a pension plan through my company (no longer employed there) Bruel & Kjaer Instruments. I ...
A: Steven, thanks for your question. It is obviously not great to hear about your troubles with the ...
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| PSP Loan against | 5/14/2008 |
Q: I have a PSP plan and I have a loan against this. I'm retired from this company but working again ...
A: Steve, thanks for your question. I am somewhat surprised that the loan you currently have against ...
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| 401K early distribution | 3/1/2008 |
Q: I am considering early retirement at the end of this year to lock in a lower health insurance rate. ...
A: Randy, thanks for your question and a very good one it is. Making the decision to retire early and ...
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| 401k | 2/5/2008 |
Q: One of our staff died today and he has frozen his 401k in OCt 07, amount 1,300.00 before his death. ...
A: Deborah, Since this is a 401(k), the account value will pass to the beneficiary on the account. ...
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| Retirement Account Mix | 1/14/2008 |
Q: I currently have around 800K in retirement funds in three places. One is Fidelity and I intend to ...
A: Congratulations on your upcoming retirement. I hope you are prepared mentally for that challenge. ...
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| Paying Tax on 401-K | 1/8/2008 |
Q: My husband is 69 and we are now dealing with the prospect of paying tax on his 401-K. The 401-K is ...
A: Lookup Net Unrealized Appreciation and educate yourself on the process. Make CERTAIN that you find ...
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| Paying Tax on 401-K | 1/7/2008 |
Q: My husband is 69 and we are now dealing with the prospect of paying tax on his 401-K. The 401-K is ...
A: Mary, thanks for your questions. The area of distributions from retirement plans is one that is very ...
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| Asset allocation | 1/4/2008 |
Q: I have a question about my portfolio balance and I was wondering if you could let me know if I have ...
A: Sam, thanks so much for your question. I hope I am able to lend you a little clarity. Unfortunately, ...
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| 401k profit sharing plan | 12/6/2007 |
Q: my employer stopped contributing to the profit sharing over 2 years ago and the money i have in the ...
A: Lori, first thanks for taking the time to ask me this question. For you to get a better ...
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| IRA early withdrawls | 11/19/2007 |
Q: If I withdrawl money from an IRA to pay"qualified education expenses" is there a lifetime limit to ...
A: College can be expensive. Thankfully, certain higher education costs for you, your spouse, children ...
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| Question about annuities | 11/16/2007 |
Q: Just out of curiosity. Is the following correct? *All other things being equal*, a lifetime ...
A: Great question. However, your question has some flaws. Please be mindful that when it comes to ...
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| Withdrawal of all IRA savings | 10/29/2007 |
Q: I am 61 years old. I want to know what are the fees, besides taxes, will be levied on me for ...
A: Jerry, I am not certain what your particular individual situation is or how much money we are ...
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| Equity Index Annuities | 10/29/2007 |
Q: From what I understand, and EIA (Equity Index Annuity) is an annuity that credits interest based ...
A: NEVER consider using an EQUITY INDEXED ANNUITY Great Idea? Invest in the market with no downside ...
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| IRA | 9/29/2007 |
Q: I have a question about retirement accounts. I am 32. Two years ago (at age 30) I started a ...
A: Yes same thing. Basically you open up the IRA account with E-trade. All that E-trade is is just a ...
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| IRA | 9/28/2007 |
Q: I have a question about retirement accounts. I am 32. Two years ago (at age 30) I started a ...
A: One of the the surest methods of reaching financial independence is that you start early putting ...
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| Retirement | 9/14/2007 |
Q: i am a physician and just left one group and have about 400k in a 401k. my new group makes all new ...
A: I would go to www.napfa.org. This is the organization for fee only advisors in the country. You will ...
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| life insurance | 9/3/2007 |
Q: While on vacation, someone told us about a company that would buy a life insurance policy on you and ...
A: Linda, there are strings attached - YOU MUST DIE. In life insurance you only collect the death ...
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| Whne my father dies | 9/2/2007 |
Q: When my father dies and has a will and an insurance policy am I responsible to pay any outstanding ...
A: Jennifer, Yes the Estate of the deceased is responsible to pay the creditors of the estate ...
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| 401k distribution. | 8/30/2007 |
Q: I am 84 years old, and still actively employed, and contribute to my company's 401K. I was told ...
A: You are right. This is the "still working exception" for RMD distributions from your employer plan. ...
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| Trad IRA to Work 401k | 8/29/2007 |
Q: I have a an Traditional IRA that I am considering rolling over into my workplace 401k. None of the ...
A: This is always a question I enjoy answering. Primarily, because it is important to clear up some ...
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| max 401k , traditional ira before roth? | 8/21/2007 |
Q: Should one usually put in the maximum allowable into their 401k and traditional IRA per year BEFORE ...
A: The benefits of a Roth IRA are hugely misunderstood even among CPAs and financial planners. In ...
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| disabled - cash in IRA or Life Insurance Policy? | 8/16/2007 |
Q: I am permanently disabled and have a question regarding my IRA and my Life Insurance Policy. I ...
A: Lisa, Thank you for your question and I hope I can offer some assistance in the answer. Although ...
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