answersLogoWhite

0

Depends.. it can be and it cant be depends on the set up of the mortage but mike garofalo at ihaveaplanusa.com can help you with that and many other retirement solutions

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

How does one login to their Wells Fargo mortgage account?

To log onto a Wells Fargo mortgage account, the customer must first set up an online account. To do this click on the link titled new user. After an account is set up, follow the instructions to log in.


What is the difference between a pension and an IRA?

A pension is a retirement plan provided by an employer, where the employer contributes funds for the employee's retirement. An IRA (Individual Retirement Account) is a retirement savings account that an individual can set up independently to save for retirement, with contributions made by the individual.


What in the level of difficulty involved with setting up of individual retirement account?

You set up an individual retirement account through a company. You have to find one that will take your money and add to it when you make payments every month.You should look around on some of the retirement government programs.


What is the best age to draw up my retirement accounts, once I'm retired, or before?

You cannot draw benefits from your retirement accounts until you are actually retired unless you cash out your account. But, if you cash out early there could be penalties, so it is best to get advise from a financial planner.


How can a self-employed individual set up a SEP IRA?

A self-employed individual can set up a SEP IRA by opening an account with a financial institution, completing the necessary paperwork, and contributing a percentage of their income to the account each year. This type of retirement account allows for tax-deductible contributions and can help self-employed individuals save for retirement.


Are there methods for retirement investing other than a 401K?

Preparing for retirement has many options other than investing in a 401K with your employer. Individual retirement accounts can be set up through your bank. Be sure to check about tax regulations and withdrawal options for any account used for retirement.


What personal information is required to set up an IRA account?

The required personal information to set up an IRA account are tax filing information, social security card number, employment history information and banking information. An IRA account allows one to save for retirement.


Have you ever asked yourself, "What is ira"?

An IRA is an individual retirement account. People without access to a 401(k) are able to set these up.


Who can set up a SEP IRA?

Any self-employed individual or small business owner can set up a SEP IRA (Simplified Employee Pension Individual Retirement Account) for themselves and their employees.


What are the advantages of a Roth IRA retirement plan?

One of the biggest advantages of a Roth Individual Retirement Account is that, if set up properly, one does not have to pay taxes for it. There are also less restrictions on the IRA regarding investments.


How do you stop your escrow?

You can stop your escrow buy paying off your mortgage and satisfying all the requirements of your mortgage. Lenders set up an escrow account so that they can pay the real estate taxes and homeowners insurance.


Where can I start to set up my retirement?

Some good websites to plan for retirement are retireplan.about.com/ and www.ssa.gov/retire2/. You can also set up a retirement plan with your bank or workplace so that a certain amount goes toward your retirement funds.