By Karin Price Mueller NJMoneyHelp.com for NJ.com
Must I take distributions from each of my retirement accounts?
Q. I have a 401(k) and several IRAs. Next year, I’ll have to start taking Required Minimum Distributions (RMDs). Do I have to take an RMD...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Can I use my IRA to buy a vacation home in a foreign country?
Q. I am interested in buying a vacation home abroad. Can the property be considered part of a retirement portfolio such as buying it with...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Will my retirement account stop me from getting unemployment benefits?
Q. Due to a workforce reduction, I was terminated by my former employer. Shortly after, I took my retirement account, fully funded by my...
Cathy Marshall
Why does the government want to know the value of my IRAs?
By Karin Price Mueller NJMoneyHelp.com for NJ.com States can't take back taxes on retirement accounts if you move away. Q. My wife and I...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
How do I value these IRAs for tax purposes?
Q. I have three separate retirement accounts held at a single brokerage firm. The first is a traditional IRA on which I paid New Jersey...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
I'm trying to save on taxes. Can I deduct losses against my IRA's gains?
The rules for IRAs are strict, but they can help with long-term gains. (pixabay.com) Q. If I close my IRA by converting the funds to a...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
I inherited an IRA. Do I have to take distributions, and how much?
Here's a look at what to expect if you inherit and IRA. (pixabay.com) Q. When my brother died, I inherited a $60,000 IRA. I know I will...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Can I save more than the max to my Roth IRA?
You can't use trickery to boost your Roth IRA account balance. (pixabay.com) Q. Say I want to add $10,000 to my Roth IRA, way above the...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
IRA distributions when records are missing
Cost basis matters when you're getting ready to take IRA distributions. (pixabay.com) Q. When I was a public employee and in the 1980s,...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Double taxation for some IRAs | Biz Brain
A look at what the new tax plan means for some inherited IRAs. (alvimann/morguefile.com) By Karin Price Mueller NJMoneyHelp.com for...
