An IRA is one way you can save money for retirement. What can you contribute to an IRA? When can you take money out? Who manages the IRA? Look for answers to these questions and more in the articles, blog posts, videos and radio shows.
Calling All Self-Directed IRA Owners
Are you investing in real estate through a self-directed IRA? Or, are you a company that helps people use their retirement funds for investment proper...
And You Think You’re Having a Bad Day
Carol called the show today to ask my advice about cash from a 401(k) that she would be receiving in her divorce settlement. As the conversation progr...
Converting Your Conventional IRA To A Roth IRA
Charles called into Newstalk 750 WSB today. He's been putting away after-tax cash into his conventional IRA because he made too much money to contribu...
Tax Increase Prevention and Reconciliation Act of 2005
The Senate couldn't pass a complete repeal of the estate tax. While there are enough votes to pass something, but isn't going to be a complete wipe-ou...
Retirement Investments And Estate Planning: Finding A Financial Advisor
There are several places to go to find a qualified financial advisor to help you decide on retirement investments and estate planning. Flat fee financial advisors who can assist you on decisions dealing with retirement investments and estate planning is through the Garret Planning Network. The National Association of Personal Financial Advisors can give you a list of fee-only financial advisors who can help you make decisions on retirement investments and estate planning.
Ilyce Glink on WSB Radio – May 7, 2006
Ilyce reports live from the Georgia World Conference Center at The Learning Annex Real Estate Wealth Expo. Ilyce opens the program discussing a recent report in the Wall Street Journal regarding home down payment gifts. These programs assist first time buyers with down payment loans. Often a kick back, or money going from seller to lender, would circumvent FHA rules. The IRS is now limiting home down payment gifts and even calling them "schemes." Ilyce answers questions regarding how to appropriately deal with the inheritance of cash or property and she answers an investment question regarding the use of IRA money to invest in real estate.
Lose Job And Move IRA Money
When you lose your job or get laid off you may have retirement money in a company account. When you no longer work for that company you likely have to move your money from a company IRA or 401(k) plan to another retirement vehicle such as a traditional IRA. How can you find the right rollover IRA to meet your needs?
Switching IRA Due To High Charges
To be responsible for your personal finances and retirement savings, you should always evaluate charges to accounts. A low balance fee, especially if you're already paying a maintenance fee, may be unnecessary. If you are being hit with extra charges on your savings accounts, investigate switching to a different financial institution. You should be able to make the switch happen electronically, so there is no withdrawal on the account, and you won't be taxed or penalized by the IRS.
The Right Investments For Retirement Funds
Cashing in a 401(k) is no way to reinvest your retirement funds. You have several options for reinvesting your funds to build up for your retirement by transferring your IRA from an old employer. Reinvesting your retirement funds, rather than cashing them out, will keep you from paying fees and penalties from the early withdrawal.
Taking Cash Out Of IRA
A senior citizen wants to take cash out of his IRA to supplement his Social Security Income of $1,200 per month. His income is so low that he will probably not trigger any taxes on this income. He may be able to qualify for a reverse mortgage if he needs more cash to live on.