GPS Login
Instantly download this 10-page guide to discover:Posts Tagged ‘IRA’
May – June 2018 Newsletter
Check out our May – June 2018 Newsletter
Read MoreWinning at Life: Dale on the Northshore – How Do I Know My IRA’s Required Minimum Distribution?
Dale calls in from the Northshore to ask Gregory how his IRA’s Required Minimum Distribution is calculated. Check it out!
Read MoreWinning at Life: Jim in Bush asked how long to wait before taking your Required Minimum Distribution
Jim from Bush calls to ask Gregory how his IRA’s Required Minimum Distribution is calculated.
Read MoreWinning at Life: John from West Point, MS – How Do I Use My TSP?
See how Gregory guides a caller through the process of what to do with his TSP (Thrift Savings Plan). John from West Point, Mississippi calls in on Winning At Life to get a second opinion from Gregory Ricks on how to best use the options in the TSP.
Read MoreRMD Quiz – How Well Do You Know the Rules?
If you have an IRA, you should realize that what goes in must come out. In other words, your tax deferral will not last forever. Eventually, Uncle Sam will want his share. When you reach retirement age, required minimum distributions (RMDs) will kick in. Are you prepared? Take our RMD quiz and see how…
Read MoreWinning at Life: James in Ocean Springs, MS: Can I Combine My Retirement Accounts into one?
James from Ocean Springs, Mississippi asks Gregory and James if he can combine his various IRA and 401k accounts into one IRA, and is that a good idea?
Read MoreHow Your Inherited IRA Is Taxed
Have you inherited an IRA? What type of IRA is it? Your answer will matter a lot when it comes to your tax bill. Inheriting a traditional IRA will have very different tax consequences than inheriting a Roth IRA. Consider the following example. Let’s say Tom named his three children as beneficiaries of his three-million-dollar…
Read MoreRetirement Plan Checks and 60-Day Rollovers
Generally, when you receive a check from your IRA custodian or employer plan, you have 60 days to rollover the funds to another retirement account, either an IRA or an employer plan. As with most retirement plan rules, this rule comes with two exceptions – one good and one bad. Let’s look at what happens…
Read MoreOptions for a Spouse Beneficiary–Remain a Beneficiary or Retitle to Your Own Account?
Warning! The options described here are for spouse beneficiaries named on the beneficiary forms of IRA accounts. Non-spouse beneficiaries and spouses who inherit through an estate have a different sets of rules. Your spouse has died and you are named the beneficiary of their IRA. What do you do now? The IRA custodian has automatically…
Read MoreWant to Donate to Harvey Victims? Consider a QCD
As the flood waters slowly recede in the Houston area, many people are asking themselves how they can help the victims of Hurricane Harvey. For those who have IRAs and are charitably inclined a Qualified Charitable Distribution (QCD) may be one way you can help. QCD Rules Not everyone can do a QCD. A QCD…
Read More