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The Tools and Information needed to

Learn About Your Retirement Accounts

Looking for simplified answers to questions about your IRAs, Roth IRAs and 401(k)s?

You’ll find them here.

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Start Here

The Top 3 Rules You Must Know
Before Doing any Transactions with Your Retirement Accounts

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Distributions + Roth Conversions

Early Distribution + RMD + Roth Accounts

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Beneficiary Options

Spouse beneficiary + nonspouse + nonperson

The Cost of Mistakes

Know
The
Risks

10% Penalty

Exceptions

The early distribution penalty that applies to distributions taken before you reach age 59 ½ . Know the exceptions.

6% Excise Tax

Ineligible contributions

The cost of exceeding your contribution limits. 6% excise per year unless properly corrected.

RMD excise tax

Owners and Beneficiaries

The cost of not taking required distributions by the applicable deadline.

Term Of The Day

Definition A savings vehicle which allows Canadian residents to save for miscellaneous expenses on a tax-free basis. The TFSA is available to all individuals regardless of income levels, providing the individual is at least 18-years old. The maximum amount that can be added to a TFSA is $5,000 each year. However, if an individual contributes less than $5,000 in any year, the unused portion of the $5,000 limit can be applied in subsequent years. TFSAs are effective for years beginning 2009…

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IRA Rules
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