Can the non-spouse beneficiary of an IRA name a successor beneficiary?

June 30, 2024 No Comments

A: Whether the beneficiary of an individual retirement account (IRA) can name a successor beneficiary (second generation beneficiary) is determined by the provisions of the IRA plan document. In the last few years, most IRA plan documents that did not allow this option have been

Can the non-spouse beneficiary of an IRA name a successor beneficiary?

July 7, 2024 No Comments

Can you borrow from a Vanguard 401(k)?

June 30, 2024 No Comments

A: Vanguard 401(k) plans allow participants to borrow against funds available in their tax-deferred retirement accounts. While withdrawing funds before retirement age comes with heavy penalties, borrowing funds using a 401(k) as collateral for personal purposes has no tax or penalty consequences. Loan on Vanguard

Can you borrow from a Vanguard 401(k)?

July 7, 2024 No Comments

Can you buy penny stocks in an IRA?

June 30, 2024 No Comments

A: It is possible to trade penny stocks through an individual retirement accounts, or IRA. However, penny stocks are generally quite risky, so making this investment choice should be done with caution. Penny Stocks The term penny stock is a rather subjective one, as exactly

Can you buy penny stocks in an IRA?

July 7, 2024 No Comments

Can you have a 403(b) and also contribute to a 401(k)?

June 30, 2024 No Comments

A: Yes. You may participate in both a 403(b) and a 401(k) plan. However, certain restrictions may apply to the amount you can contribute. For instance, you are allowed to make a salary deferral contribution of up to $18,000 in 2017, plus an additional $6,000

Can you have a 403(b) and also contribute to a 401(k)?

July 7, 2024 No Comments

Can you make catch-up contributions to a Roth IRA?

June 30, 2024 No Comments

A: Roth individual retirement accounts (IRAs) allow you to contribute after-tax dollars to an account with the ability to take tax-free withdrawals at retirement age, if you meet certain eligibility requirements. You can make catch-up contributions to an IRA and a Roth IRA if you

Can you make catch-up contributions to a Roth IRA?

July 7, 2024 No Comments

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