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What else can I help you with?
Who is the IRA plan trustee?
IRA brokerage account don't have trustee. They do have a custodial which would be the brokerage at which the IRA is held at.
Can a sep IRA be converted to a traditional IRA?
Technically, the SEP IRA and the Traditional IRA are the same type of account. The only difference is that the SEP IRA is allowed to receive employer contributions. Therefore, you can combine the SEP IRA into the Traditional IRA without any ramifications. When doing so, move the assets as a (nonreportable) trustee-to-trustee transfer.
Can you purchase real estate in a self directed IRA?
Yes, it is possible to purchase real estate in Self directed IRA. This option is not known widely than the other IRA options. A trustee or a custodian to hold IRA is a much required one for the owner. With this, we can invest in stocks, mutual funds and other related bonds.
Am I entitled to money I put into 401k plans at previous jobs if I've never been fully vested and if so how do I go about getting that money?
The money that was taken from your pay and not taxed and contributed to a 401k plan is your money. Even though you were not vested in the plan, this is still your money. Vesting will make employer contributions to the 401k plan available to you. When you signed up for the 401k plan you were given a copy of the Summary Plan Description. In that document, it describes when and how you can get your money. This document also tells you what the tax consequences are for taking your money under various circustances. Read your Summary Plan Description. If you do not have The Summmary Plan Description, contact the 401k custodian/trustee and ask for a copy. This may be a good idea anyway because these plan descriptions change from time to time. Generally the best thing to do is to move this 401k money to a Traditional IRA using a Trustee to Trustee Transfer. The Trustee to Trustee Transfer to the IRA can be done by determining where you want your IRA. Contact that orginzation and tell them what you want to do. This new IRA custodian/trustee will help you through the process. After signing some papers, they will see that the transfer of your old 401k funds is done properly and deposited into your IRA. This IRA will be called a ROllover IRA. Doing this Trustee to Trustee Transfer is not a taxable event.
Can you roll over a 401K to a Roth Ira without paying taxes?
Yes. But it is much better and no taxes will be withheld if you have the trustee do a direct transfer from the 401K trustee to the IRA trustee and you do not receive any of the funds in your hand.
What is fcc as custodian?
First Clearing LLC, is the clearing house for your IRA.
What are the responsibilities of an IRA Custodian?
The responsibilities of an IRA Custodian are to manage money for retirement, generally at a bank. This generally works by someone working for 20 years, and having enough money to cover them for another 15 years.
What is the difference between Traditional IRA and SEP IRA and ROTH IRA accounts?
Taxes are paid upon withdrawal at a later date
How long does it take to receive a unqualified distribution from your IRA?
The trustee of your IRA would be the one that should be able to give you the correct time period that will be required for the trustee to take care of making the unqualified distribution amount available to you from your IRA account to you.
Can you transfer an inherited IRA to another beneficiary?
Yes, an inherited IRA can be transferred to another beneficiary through a process called a "trustee-to-trustee transfer" or a "direct transfer." This allows the new beneficiary to continue the tax-deferred status of the IRA.
Can a bank be a custodian for real estate in an IRA?
A bank could be a custodian but most (if not all) are not set up to be nor are they willing to do so. You will need to use a custodian specializing in self-directed IRAs.
Can I move my IRA from one broker to another without incurring a penalty I'm not happy with my broker Wichita, KS?
There are 2 choices left for moving an IRA from one broker to another. If they are done in a proper way, you will not have to pay any penalty fees in both way. Both are tax free too. One is you can do an IRA rollover wherein you will receive a check for the full balance of your IRA from your former trustee/custodian, and you must deposit that money in the new IRA within sixty-days to avoid income taxes and penalties. The other is you can do an asset transfer wherein you have the new custodian (brokerage or mutual fund organization) move the money for you and no check ever passes through your hands.
