A survey in 2015 by Sallie Mae revealed that more than 6% of parents took from their retirement account – 401(k) or IRA to pay college fees. Over the years, as the cost of tuition...
Posted by Larry Kenneth Hurt on 06/22/2020
If you've accumulated money in your retirement account for years, the last thing you want to do is see it shrink when the stock market goes down. Ask anyone who is 65 or older...
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/11/2020
People are considering alternative assets and investments to secure their future. If you have a self-directed IRA, ordinarily saving money cannot help you get the best. It is essential...
Posted by The TaxAdvocate Group, LLC on 06/10/2020
Nowadays, education is quite expensive. The average cost of a four-year course on public university at the present is about $75000 which indicates that you can anticipate a doubled...
Posted by Tim Thompson CPA PLLC on 04/03/2020
Missed DeadlineYou will be liable for taxes and penalties if you fail to accomplish the deadline for rolling over an IRA distribution to another IRA or other qualified retirement plan....
Posted by Unifirst Financials & Tax Advisors on 02/25/2020
A stretch IRA is a means of limiting required distributions on an inherited IRA when then helps avoid a sizable tax bill in the process. An account holder can name children, grandchildren...
For people with a pretty substantial IRA, they might be left with more money than they will ever need. Even if the spouse uses part of it, they can roll it and take ownership of it....
Posted by BEST FINANCIAL GROUP LTD on 01/30/2020
A stretch IRA is a means to limit the distributions necessary for an older IRA, by avoiding the considerable collection of taxes in this process. Instead of designating the spouse...
Posted by Flynn Financial Group Inc on 01/30/2020
Many benefits come with having a Roth IRA for your kids. In addition to the benefits of early investment, here are some reason a Roth IRA is suitable for your kids You can withdraw...
Posted by LLOYD J CAZES CPA on 01/23/2020
