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Traditional IRAs: What to Do?
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Which Distribution Option Should I Choose? The real question you need to answer is “What available option is best for my financial situation?” Common situations might be needing money now, wanting to minimize loss…
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Traditional IRAs: Introduction
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Introduction I inherited a small Traditional IRA from my mother. This article started from researching how all three children could pay the least possible taxes (legally) while taking distributions from the inherited IRA. I…
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Traditional IRAs: The Rules
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. The Tax Rules A simplified explanation of the tax policy for a Traditional IRA is listed below. These are generally true, but there are nuances and exceptions to the policies below. This is for…
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Traditional IRAs: What Does that Mean?
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. RMDs: Implications These three points might not be obvious: Why do you care? Inheritance Options: Clarification Yeah, the inheritance rules are confusing. The IRS overview page gives limited information on what the rules mean,…
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Traditional IRAs: Appendix
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Appendix A: Resources The sources used for this article include: Appendix B: Terms Some of these definitions are specific to this article/topic. Prev: What to Do? Next: Short Attention Span
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Traditional IRAs: Short Attention Span
This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Short Attention Span IRA If you have the attention span of burnt white bread toast, here is the short answer for most people. This makes even more assumptions that I perceive as typical situations…
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Traditional IRAs: In 5 Parts
Note: If you have limited time, at least read the “Short Attention Span” page. If you are unsure about some of the terms and definitions, read the “Appendices”. Note: Even the “Short Attention Span IRA” has complex tax related topics. Be prepared to put your big-girl panties on to slog through it. Sorry, but this…
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Traditional IRAs – Required Minimum Distributions and Life Tables
Warning: Beware all ye who enter. Here thar be taxes! Tha yeller bellies among ye, scuttle on to tha next post. I was reading about inherited Traditional IRAs because they are so thrilling. No, not really. They are about as thrilling as watching water boil, but I inherited a small IRA from my mother. There…
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Retirement Planning: Retirement Savings
This article will attempt to provide some basic information related to retirement planning. The Fidelity website has a lot of good information, diverse investment options, and was the 401(k) provider of a former employer, so it is used is most examples. This article is not an endorsement of an service company or investment option. Do…
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Retirement Planning
Retirement planning in a five part mini-series. I was advised that the original article was too long and readers would die of boredom partway through.