Archive for the ‘United States’ Category
Saturday, September 26th, 2009
Rodney G asked: I am interested in using my retirement funds to purchase a new beach property while prices are down and I believe that within 10 years that investment will be much better than stocks bonds etc.
I was told by another person not on this forum that the funds could be transferred into a “profit sharing plan” and from there could be invested in whatever manner the manager sees fit. The plan would be a corporation and as long as the manager (me) did not use the property for other personal things and any rents were paid directly to the plan that this would be a qualified investment> any thoughts?
Brian
Tags: 10 Years, Finance, Investment, Personal Things, Profit Sharing Plan, Real Estate, Rents, Retirement Account, Retirement Funds, Stocks Bonds
Posted in United States | Comments Off
Wednesday, September 16th, 2009
aikon56 asked: Can a 66-year old individual with no retirement or regular income file for a tax return and be eligible for the stimulus package check in May 2008?
Thanks.
Pamela
Tags: Income Tax, Retirement Income, Stimulus Package, Tax Return
Posted in United States | Comments Off
Monday, August 24th, 2009
Joe asked: Years ago, a person who participated in a retirement program could not deduct an IRA contribution.
Is that still the case? What kind of retirement program is relevant to this situation (defined benefit, defined contribution, 401k)?
Diana
Tags: 401k, Defined Benefit, Defined Contribution, Ira Contribution, Retirement Program
Posted in United States | Comments Off
Friday, August 14th, 2009
nobleinvestments asked: I am nearing retirement and have about 25k in untaxed money in a retirement account through my employer. I am looking for a way to roll it over tax free and still keep investing it safely but have access to it as needed with no withdrawal penalties. Is there a way ??
Loretta
Tags: Money, Retirement Account, Retirement Accounts
Posted in United States | Comments Off
Tuesday, August 4th, 2009
ronfurg asked: I receive a retirement annuity from my service in the federal government and would like possibly to move to a state which does not tax the annuity income.
Philip
Tags: Annuity Income, Federal Government, Federal Retirement, Retirement Annuity, Retirement Income, State Tax
Posted in United States | Comments Off
Friday, April 17th, 2009
spidersam408 asked: What age and what are the conditions for retirement? Can you work when you are retired for money? What are the rules for the state of California?
Harold
Tags: Retirement Age, State California, State Of California, Work Money
Posted in United States | Comments Off
Monday, April 6th, 2009
Rob W asked: I moved from VA a few days prior to my official retirement effective date. I receive a final pay, including substantial leave cashed out after I moved. Is this subject to Virginia tax? All preretirement pay, including this shows up on my W2 with VA as the state reflected on it.
Jessie
Tags: Effective Date, Federal Retirement, Few Days, Va Tax, Virginia Tax, W2
Posted in United States | Comments Off
Sunday, March 29th, 2009
Nadeem M asked: When someone dies, leaving an estate to their beneficiary, it could include stocks, bonds, investment accounts, retirements, real property, etc.
I believe everything under $2 million passes to the heirs without any tax obligation. (Is this correct?)
My question is about the tax-deferred retirement accounts (non-ROTH) that collect ordinary income tax when you draw the funds. Would this tax be required from the heirs?
Thanks.
Martin
Tags: 401k, Beneficiary, Bonds Investment, Heirs, Income Tax, Investment Accounts, Investment Property, Obligation, Retirement Accounts, Retirements, Stocks Bonds, Tax Deferred
Posted in United States | Comments Off
Saturday, March 7th, 2009
moeursalen asked: Full retirement age means that you won’t get a benefit rate which has been reduced because of age.
Lonnie
Tags: Benefit Rate, Retirement Age, Security Retirement Benefits, Social Security, Social Security Retirement
Posted in United States | Comments Off
