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Home > Your Money, Your Wealth > How to Ditch a Bad SIMPLE IRA? What's a Prohibited Transaction? - 380
Podcast: Your Money, Your Wealth
Episode:

How to Ditch a Bad SIMPLE IRA? What's a Prohibited Transaction? - 380

Category: Business
Duration: 00:29:52
Publish Date: 2022-05-31 11:00:06
Description:

Is there a way to get out of a bad SIMPLE IRA and stash cash in a tax-free Roth account? Can an owner of a company, that’s being sold to another company, load up a Roth account with company shares before the sale, and have a big chunk of cash happily growing tax-free? (What exactly are disqualified persons and prohibited transactions?) When designating beneficiaries of an annuity in a community property state like California, does state law or the annuity owner determine the beneficiary? Show notes, free financial resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-380

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