Retirement

IRAs

Title and Description
Can I avoid the 10 percent penalty tax for early withdrawals from a traditional IRA?
You may qualify under one of these exceptions to make a penalty-free IRA withdrawal.
Can I contribute to a Roth IRA?
You must have earned income during the year (typically, wages or self-employment income).
Can I roll a retirement plan distribution into an IRA?
The short answer is yes — most retirement plans allow you to roll your plan funds over into an IRA after you've left your employer's service.
Can I set up a traditional IRA?
The only requirement is that you must have earned income (typically, salary or wages from your job) in order to put money into an IRA.
Can I shift my traditional IRA funds to a Roth IRA?
Your ability to do so depends on the same two factors that determine your eligibility to contribute to a Roth IRA in the first place.
Can I still have a traditional IRA if I contribute to my 401(k) plan at work?
Anyone with earned income can open and contribute to a traditional IRA.
Can I take money from my IRA without any penalty?
If you are 59½ or older, you can take money from your IRA without penalty.
Choosing a Beneficiary for Your IRA or 401(k)
Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance.
I need money — can I take funds from my IRA?
Yes, but you may be subject to a 10 percent penalty for early withdrawal if you're not yet age 59½.
It's January, and I forgot to contribute to my IRA. Is it too late?
Generally speaking, the IRS allows you to make your IRA contribution for a particular tax year up until April 15 of the following year.
RMD & Stretch IRA Calculator
Use this calculator to help determine how you can stretch out your retirement plan distributions for as long as possible.
Roth IRA Calculator
Use this calculator to compare the Roth IRA to an ordinary taxable investment.
Roth IRA Conversion
This calculator will show the advantage, if any, of converting your IRA to a Roth.
Roth v Traditional IRA Calculator
Use this calculator to determine which IRA may be right for you.
Should I invest in a Roth IRA or a traditional IRA?
There is no easy answer to this question. Traditional IRAs and Roth IRAs share certain general characteristics.
Should I withdraw money from my IRA to pay for my child's college tuition?
Assuming that you have a traditional IRA or Roth IRA, you'll want to consider the financial consequences before making a decision.
Traditional IRA Calculator
How can contributing to a regular IRA help you in your retirement?
Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits.
What are my options if I inherit an IRA or employer-sponsored plan?
If you don't want the money, you can always disclaim the inherited IRA or plan. But if you're like most people, you will want the money.
What are required minimum distributions and how are they calculated?
Required minimum distributions are the amounts that you must withdraw each year.
What are the rules for IRA contributions?
Traditional IRAs, Roth IRAs, and Coverdell education savings accounts are each subject to different contribution rules.
What's a premature IRA distribution, and what happens if I make one?
A premature IRA distribution occurs when you take money from your IRA before reaching age 59½.

Financial Planning


 
 
 
 
 
 
 
 
 
 
 
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