Q&A
Asked by Patricia
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
The best way to answer this question is to
request a Benefits Estimate from social
security. You may go online to their website
(www.ssa.gov) and request a statement o...
Q&A
Asked by Bill
B
Answered by Bill
Since nobody has answered, let me offer one.
There are three alternatives:
(1) sell
the pension benefit (or take a lump-sum payout
in lieu of the pension) and u...
Q&A
Asked by an anonymous user
Answered by Lars Larsen ChFC®
Financial Planner in Burlingame, CA
Financial Planner in Burlingame, CA
You might find numbers floating around out
there with how much you should have saved at a
certain age. While that may be helpful as a
guide, the reality is that everyo...
Q&A
Asked by an anonymous user
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
The simply answer to your question is no. To
make contributions to an IRA an individual has
to have W-2 income.
The follow-up question
is what benefits are you att...
Q&A
Asked by Angela
Answered by Michael Zaino
President & CEO, TZG Financial in Charlotte, NC
President & CEO, TZG Financial in Charlotte, NC
That’s a BIG question, and one that is
impossible to answer as a blanket statement
for the masses, as each individual’s situation
is unique. It depends on multitude of...
Q&A
Asked by Jeff
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Jeff.
Thanks for your service. I am also a
Veteran and reside in the USA. I do travel
extensively.
Are you living comfortably
now?
What would change if you ret...
Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Anonymously
Your plan administrator's
compliance department should correct
this.
Excess contributions can lead to
disqualification. If applicable, you could
is...
Q&A
Asked by an anonymous user
Answered by Jose Sanchez
Financial Adviser
Financial Adviser
Absolutely! Generally, you can leave it in
the same fund as long as you can find the fund
and fund family at the custodian (financial
institution) where your IRA Roll...
Q&A
Asked by an anonymous user
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
It all depends on how much money you are going
to invest. Typically, financial advisors
recommend buying 10 individual bonds to
diversify risk. Assuming $25,000 per bo...
Q&A
Asked by Peter
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
RMDs refer to required minimum distributions
on tax-deferred retirement accounts. Under
current IRS rules, you must take distributions
when you are 70 1/2 years old, w...
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