How can I put my IRA in a trust?

June 30, 2024 No Comments

A: You cannot put your IRA in a trust while you are living. You can, however, name a trust as the beneficiary of your IRA and dictate how the assets are to be handled after your death. This applies to all types of IRAs, including

How can I put my IRA in a trust?

July 7, 2024 No Comments

How can I start or set up a Roth 401(k)?

June 30, 2024 No Comments

A: A Roth 401(k) retirement plan is one of several account options available for retirement savings. The key difference between this plan and a traditional 401(k) plan is that a Roth 401(k) is funded by money calculated after taxes, while a traditional 401(k) is funded

How can I start or set up a Roth 401(k)?

July 7, 2024 No Comments

How can you reclaim escheated, or unclaimed, property?

June 30, 2024 No Comments

A: The process for reclaiming unclaimed or escheated property varies by state, as the federal government does not have a central website for finding unclaimed property. Most state websites are similar in format and typically fairly simple to navigate. The office of the comptroller is

How can you reclaim escheated, or unclaimed, property?

July 7, 2024 No Comments

How do I know if I qualify to open a HSA (Health Savings Account)?

June 30, 2024 No Comments

A: The Health Savings Account (HSA) was established as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 as a savings plan for individuals with high-deductible health plans (HDHP). To qualify in 2009 as a HDHP, your plan must satisfy both of

How do I know if I qualify to open a HSA (Health Savings Account)?

July 7, 2024 No Comments

How do I report Simple IRA contributions on a W2?

June 30, 2024 No Comments

A: Savings Incentive Match Plans for Employees, or SIMPLE IRAs, are designed for small businesses as a way to offer a retirement savings plan for employees. Contributions are made via salary deferral by the participant. Employers choose between making matching contributions based on employee contributions,

How do I report Simple IRA contributions on a W2?

July 7, 2024 No Comments

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