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Retirement Planning/Expert Profile

Joe DiDomenico

U.S.

Available

Expertise

I can answer any questions related to Individual Retirement Accounts (IRA). This includes what can and can't be done with an IRA because of IRS regulations. I can also answer questions about the different types of retirement accounts and how they apply to different people in different situations. I can help direct people on what steps to take next with their retirement accounts.

Experience in the area

I was a Financial Consultant at Merrill Lynch for 7 years and a Senior Vice President at CitiGroup for 3 years.

Organizations

N/A

Publications

I wrote a book entitle, "Blame It On the Broker", currently for sale on Amazon.

Education/Credentials

Bachelor's in Financial Services from San Diego State University

Awards and Honors

N/A

Past/Present Clients

hundreds

Something interesting about this subject that others may not know:

Most people believe that the letters IRA stand for Individual Retirement Account. It actually is the the abbreviation for Individual Retirement Arrangement found in the IRS code.

Something controversial or provocative about this subject

Large banks, brokerages, and insurance companies don't want the american people to know that they do not need one of these large institutions to have an IRA.

Average Ratings

Recent Reviews from Users

User	Date	K	C	P	Comments
Danielle	04/26/12	10	10	10	Thanks
Ken	04/09/12	10	10	10
Ken	04/04/12	10	10	10	THANKS -- my youngest actually still believes .....
Rhonda	03/21/12	10	10	10	Thank you, Mr DiDomenico. I appreciate your .....

Recent Answers from Joe DiDomenico

2012-04-24 social security:

Hi Danielle, There are many different opinions to this question. I will give you mine. Social Security (SS)is not an actual fund. It is an obligation of the US Government (the US Government spends

2012-04-20 Taking IRA funds to pay offf 401k Loan:

John, You are not able to roll IRA money into a 401(k), you can only go the other direction with it. You can however continue the current 401(k), for as long as your custodian will allow, after you

2012-03-28 Coverdell ESA:

1) You are partly correct. You can withdraw contributions (but not earnings) tax-free and penalty-free if you later decided you needed the money for something else. But, each dollar withdrawn has a percent

2012-03-23 early retirement at age 59:

Maria, I'm sorry to hear you are having such a hard time. Your best bet is to file for Disability. The rules are very cut and dry with Social Security benefits. You must be 62 to receive early benefits

2012-03-22 Coverdell ESA:

Ken, The only way the withdrawal will be tax free (and 10% penalty free) is if the child has an equal or greater qualifying education expense in the same year. You do not need to use the funds from

Retirement Planning

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