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Retirement Questions

Below are some common retirement questions that are often asked. Click on the topic for the answer.

401k Loans

Q-I have funds in an employer's 401k retirement account. I want to be able to take a loan against the 401k to purchase a house, but I don't want to be liable for the balance if my employment with the company ends. Can I roll the 401k into a rollover IRA and still do the loan?

 

SEP, 401k and Roth IRA contributions

Q-I contribute in a 401K and my husband to SEP; do we still qualify for Roth IRA? We meet the income limit and file jointly.

 

403b plan into Roth IRA

Q-Can I roll over my 403b into a Roth IRA? The only option I saw was 403b in to an IRA then Convert the IRA in to a Roth.

 

IRA withdrawal for Educational expenses

My daughter is 24 and she just went back to school. Can I withdraw money from my IRA to help her with her educational expenses?

 

Minimum Required Distributions (MRD)

Are you required to take the Minimum Required Distribution (MRD) from a 401K if you are still actively employed?

 

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This website is intended to provide general information about 401k and IRA retirement plans. Nothing on this site should be considered legal, financial or tax advice. Please consult your tax or financial advisor for professional advice. While we strive to periodically update the information on this website, Rolloveraid.com makes no representation or warranties as to the accuracy, reliability, or completeness of any information on this site.

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