Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-12-2014, 08:50 AM
 
Location: Central Massachusetts
6,554 posts, read 7,015,373 times
Reputation: 9273

Advertisements

From the Slott Report. Good information and something we all walk around.

The IRA Owners' Bill of Rights ~ Ed Slott and Company – IRA, Tax, Retirement Planning Articles, Insight

Quote:
1. You have the right to move your IRA account at any time, and as often as you like

2. You have the right to convert any or all of your traditional IRA to a Roth IRA at any time

3. You have the right to recharacterize (undo) all or any portion of a Roth IRA conversion for any reason up until October 15 of the calendar year following the year you convert

4. You have the right to name anyone you want as your beneficiary


5. You have the right to change your beneficiaries at any time

6. You have the right to take a distribution from your account at any time

7. You have the right to withhold 0%, 10%, or more than 10% from your IRA distributions

8. You have the right to invest in just about anything you want, other than life insurance, S-Corp stock and collectibles

9. Your have the right to do whatever you want with your retirement funds, after you distribute them

10. You have the right to make good decisions that will save you valuable tax dollars and make your retirement account worth much more over the course of your life and the lives of your beneficiaries. Similarly, you also have the right to make poor choices that will cost you and your loved ones valuable tax dollars
I copied the list from the page. There are the actual points that were implied with the article. Read the article for more but these are the BLUF (bottom line up front points).
Reply With Quote Quick reply to this message

 
Old 06-13-2014, 09:46 AM
 
31,672 posts, read 40,921,372 times
Reputation: 14418
I had the right not to respond to this thread and failed to exercise my right.
Reply With Quote Quick reply to this message
 
Old 06-13-2014, 09:59 AM
 
Location: Central Massachusetts
6,554 posts, read 7,015,373 times
Reputation: 9273
Quote:
Originally Posted by TuborgP View Post
I had the right not to respond to this thread and failed to exercise my right.

Yeah well it seemed that everyone else exercised that right. It don't matter. All of it was common sense stuff anyway. Still some people need to be reminded about things like that.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top