I am 85 years old and have a matured annuity with an insurance company. Could I trade it in for a whole life policy or another kind of paid up life insurance policy?
I'm 86, married, and work part time. Together my wife and I make $100,000 a year. If I were to make a $60,000 donation to a charity, how much could I save on taxes?
I am 65 and want to tap my IRA and other annuities to help pay for my daughter's college education. I know there isn't a penalty for withdrawal, but will I need to pay taxes on the money applied for tuition and housing? Is there a limit on the amount that can be used each year without tax liability? I was planning on withdrawing $8,000 - $10,000 per year.
I am considering rolling over my 401(k) into a traditional IRA (new job). How does this affect my ability to do a backdoor Roth conversion? For the past few years, my wife and I have done backdoor Roth conversions, and plan to in the future. This would be my only traditional IRA if I did it.
If you withdraw money from a 401(k) plan, can you put money back into it later? Are there any restrictions on this?