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Hi. Although an IRA that is invested in mutual funds, stocks, bonds, etc, is not federally insured, you should be covered by the brokerage houses errors and ommissions insurance of there was fraudulant
One thing that is going on right now which does make a difference is the fact that the president passed a payday holiday bill which cut the Social Security amount withheld from 6.2% to 4.2% through the
Hi Christopher, You are correct. 403(b) contributions made to your account represent your assets and not the employer's assets. For employer's contributions, the transfers might not be immediate
Hi Darcy, Thanks for your question. One of the objective in financial planning is to establish an emergency fund. That was not done - but that is water over a dam. In general, I am not fond of
If the money is paid to you - it will be subject to federal income tax, state income tax (if you live in a state that has an income tax) and a 10% excise tax for money received before age 59 1/2. The trustee

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