Tag: IRA

IRA Distributions, What Is It?

Distributions from Traditional IRAs: Between Ages 59 1/2 and 70 1/2 What is an IRA distribution? A withdrawal from an IRA is referred to as a distribution. Distributions can come in the form of several payment patterns, from a one-time (lump-sum) payment to a series of distributions over several...
Read More

IRA’s What you DON’T know

What are my options if I inherit an IRA or an employer retirement savings plan account? If you don’t want the money, you can always disclaim (refuse to accept) the inherited IRA or plan funds. But if you’re like most people, you will want the money. Your first thought...
Read More

What does the term “qualified plan” mean?

Answer: A qualified plan is an employer-sponsored retirement plan that qualifies for special tax treatment under Section 401(a) of the Internal Revenue Code. There are many different types of qualified plans, but they all fall into two categories. A defined benefit plan (e.g., a traditional pension plan) is generally...
Read More