Q&A
Asked by an anonymous user
For an investor with a long term time horizon,
such as investing for retirement, mutual funds
can provide a diversified portfolio. Because
mutual funds are investment...
Q&A
Asked by Britt
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
It is never too early to start saving for
retirement. My son had an IRA since before he
was out of high school. If we all save a
minimum of 10% of our income from the ...
Q&A
Asked by Crystal
Answered by Jeffrey Oberg
Financial And Insurance Advisor in Millbury, MA
Financial And Insurance Advisor in Millbury, MA
Crystal, unless you are 59 1/2 years old or
older, you will pay a 10% penalty to take the
money out of your 401(k). That is on top of
the taxes you will pay. So if you...
Q&A
Asked by Daniel
Answered by Kendrick Walker
Mortgage Professional in Santa Rosa, CA
Mortgage Professional in Santa Rosa, CA
Hello Daniel,
I have worked in real estate
now for almost 8 years and both my parents
have worked in real estate and mortgage
industry for almost 29 years now. With...
Q&A
Asked by Debbie
Answered by Michael Gilbert
Financial Adviser in San Diego, CA
Financial Adviser in San Diego, CA
You can setup just about any type of plan and
fund them when you have the money to. For
example you can setup an Individual 401(k) and
fund it at any point during the ...
Q&A
Asked by trish
Answered by James L Roberts
Independant Consultant in Lake Worth, FL
Independant Consultant in Lake Worth, FL
Your question was brought to my attention and
I am happy to provide what help I can. As a
strategic life, entrepreneurship, and wealth
consultant, I hear this question...
Q&A
Asked by Erin
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
Yes, each year you are to make a “Required
Minimum Distribution” (RMD) from an inherited
IRA. Generally, you must take distributions
during your lifetime or within fiv...
Q&A
Asked by Ashley Soto
Answered by Robert Higgins
Financial Adviser in Charlotte, NC
Financial Adviser in Charlotte, NC
This is a very broad question. Perhaps your
perception is true for some industries and not
others? The single greatest variable will be
expected earnings growth. Pe...
Q&A
Asked by Erin
Answered by Robert Henderson
AAMS® CDFA® in Mystic, CT
AAMS® CDFA® in Mystic, CT
There are some very specific rules (so please
consult an advisor) regarding Inherited IRA's,
but generally speaking you have three
options:
1. Take distributions ov...
Q&A
Asked by Karen
Answered by Carlos Contreras
ChFC® in Aventura, FL
ChFC® in Aventura, FL
Because of the penalties and added taxes
created by a withdrawal if you are under 59
1/2 years old, it really is not to your
advantage to remove money from the 401(k) ...
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