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401 to IRA

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Money Talk > Retirement Planning

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Cash: $ 2.70

Posts: 11
Joined: 24 May 2012

401 to IRA  Reply with quote  

Hello ,

I am having small 401 k account based on QDRO with J.P.Morgan ,
in this case serving Bechtel corp .
I have fixed low income , 20000/year range , and I am paying about 2000
tax on it , what is huge .
I have no knowledge , about retirement accounts , so please
forgive naive questions .

Does J.P Morgan offer traditional IRA accounts ?

Is it possible to open IRA account with them , transfer money from
401 , contribute some every year, to get some tax relive and DO ALL THIS ON LINE ??
I am an expat , south of the border .

My income are alimony , which can end up any time .
I want to wait with applying for ss , till it happens (alimony end up), or when I am 64 ,
3 years from now . My ss in the best case, will be a half of my income now .
(scary) .
Yes I know , I need to ask these question to the people in charge of
the plan, but for some reason it is very difficult to communicate with them,
and I would like to gather some knowledge , and be better prepared,
before I do it .

Thank you for help, regards eva
Post Sat Nov 17, 2012 1:53 am
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Senior Advisor

Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
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Thank you

Post Sat Nov 17, 2012 7:22 am
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