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  • Clark B. McCleary, CLU,ChFC,AEP,MSFS

    RE: IRA

    Posted in: Business and Compensation...

    Since he is taking RMDs from his IRA, it presumably is not a Roth IRA because there would be no RMDs in that event. Question 3603 (Who may establish and IRA?) in the 2014...

  • photo not available

    RE: IRA

    Posted in: Business and Compensation...

    Odon, The short answer, as I understand it, is NO. He's already started RMD's. You didn't indicate if the income is passive or W-2 income, but in his case I don't believe...

  • photo not available

    IRA

    Posted in: Business and Compensation...

    I feel stupid even asking the question, but bear with me. I have a client age 72 taking RMD's from an existing IRA. He has @ 30,000 of taxable income and wants to put more...

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