Financial Advisors
A typical Financial Adviser or a Broker normally works for a full service brokerage firms (Merrill Lynch, Morgan Stanley, Edward Jones, American Express, and many other firms you may or…
Discount Brokerage Firms
These are brokerage firms for the do-it yourself investor. Unlike full service firms, they don’t employ commission-based brokers and do not offer investment advice. Discount brokers or discount stock brokers…
SEP, 401k and Roth IRA contributions
I contribute in a 401K and my husband to SEP IRA; do we still qualify for Roth IRA? We meet the income limit and file jointly. Answer According to the…
IRA Withdrawal for Educational Expenses
My daughter is 24 and she just went back to school. Can I withdraw money from my IRA to help her with her educational expenses? Answer You can withdraw money…
403b Plan into Roth IRA
Can I roll over my 403b into a Roth IRA? The only option I saw was 403b into an IRA then Convert the IRA into a Roth. Answer You are…
401k Loan To Buy A House
I have funds in an employer’s 401k retirement account. I want to be able to take a loan against the 401k to purchase a house, but I don’t want to…
Retirement Planning Tips
As the baby boom generation enters into retirement, retirement planning is suddenly a major topic of discussion among those at or nearing retirement and even those who are many years…