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What else can I help you with?
Can IRA money be used to buy a primary residence?
Yes, you can use funds from a traditional or Roth IRA to purchase a primary residence, but there are specific rules. For a traditional IRA, you can withdraw up to $10,000 penalty-free if you're a first-time homebuyer, although you will still owe income tax on the withdrawal. For a Roth IRA, you can withdraw contributions at any time tax-free, and if you've had the account for at least five years, you can also withdraw up to $10,000 of earnings tax-free for a first home purchase. Always consult a financial advisor for personalized advice.
When an investment advisor attempts to determine an investor's risk tolerance which factor would they be least likely to assess?
When an investment advisor attempts to determine an investor's risk tolerance, which factor would they be leastlikely to assess
Can you take out all of your 401k after you retire?
Yes, you can withdraw funds from your 401(k) after you retire, typically without penalty if you are at least 59½ years old. However, the specifics may vary based on your plan's rules, and withdrawals will be subject to income tax. It's advisable to consult a financial advisor to understand the implications and strategize your withdrawals effectively.
How long should most people save their financial records for?
Most people should save their financial records for at least seven years.
What are the advantages of using discount brokerage firms for online investing?
All Bank accounts FDIC insured to at least $250,000 per depositor. The FDIC is an independent agency of the federal government that promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions.
What are the advantages and disadvantages for the army ant and silverfish?
ain't none (advantages at least)
What do I look for in an investment advisor?
When looking for an investment advisor you must find a person you trust. They should have the proper certification and schooling, and they should have been doing advising for a few years at least.
What are some differences between offshore and commercial banks?
An offshore bank is a bank located outside the country of residence of the depositor, that provides financial and legal advantages. These advantages typically include:greater privacylow or no taxationeasy access to deposits (at least in terms of regulation)protection against local political or financial instabilityA commercial bank is just a regular bank (Bank of America, Wachovia, etc.)
How long does a financial advisor need to keep clients records?
A financial advisor is generally required to keep client records for at least five years after the termination of the client relationship, as per regulations set by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). However, specific retention periods can vary based on state laws and the nature of the documents. Some advisors may choose to retain records for longer to protect against potential legal claims. It's important for advisors to be aware of both federal and state requirements regarding record retention.
Can IRA money be used to buy a primary residence?
Yes, you can use funds from a traditional or Roth IRA to purchase a primary residence, but there are specific rules. For a traditional IRA, you can withdraw up to $10,000 penalty-free if you're a first-time homebuyer, although you will still owe income tax on the withdrawal. For a Roth IRA, you can withdraw contributions at any time tax-free, and if you've had the account for at least five years, you can also withdraw up to $10,000 of earnings tax-free for a first home purchase. Always consult a financial advisor for personalized advice.
When an investment advisor attempts to determine an investor's risk tolerance which factor would they be least likely to assess?
When an investment advisor attempts to determine an investor's risk tolerance, which factor would they be leastlikely to assess
What do you do when you win the lottery?
You get at least three financial advisers
How long do you have to keep documents relating to superannuation for?
In Australia, you should keep documents related to superannuation for at least five years. This includes records of contributions, statements, and any other relevant financial documents. However, if the documents pertain to a dispute or legal matter, it may be wise to retain them longer. Always check with a financial advisor or the Australian Taxation Office for specific guidance based on your situation.
What type has the most resistances which has the least resistances which has the most advantages which has the least and what types have the most and least weaknesses?
Steel type has most, I believe grass has least and ghost for the final question.
What were some of the advantages of taking the overland route to California?
It cost the least. You did not get seasick.
What country is least likely to have people using a traditional economy?
Kenya
Give at least 3 examples of technology and explain it's advantages ang disadvantages?
give at least 3 examples of technology
