Extensions
What is the # for Helpdesk and direct extension?
#14, 193-1014
Will a penalty be applied to clients under 59 1/2 if they buy, build, or rebuild a first time home, up to $10,000?
No, but they should confirm with their CPA/tax preparer.
When distributions are issued from an IRA, IRS regulations require financial organizations to withhold federal income tax at a default rate of 10%, unless the client elects otherwise. The IRA holder can elect not to have income tax withheld or elect to have 1-100% withheld.
Traditional, SEP, and SIMPLE IRAs
This program allows financial advisors to work with clients to build and maintain a portfolio with aligned features and business rules for both non-retirement (taxable) and retirement ------- where appropriate. This is a client-directed program, which means that clients make the final decisions over investments in their portfolio. Review the information below to see the differences and similarities between non-retirement and retirement ---------.
Select Accounts
D80
Cash distribution
What is the # and direct extension for Retirement services?
#83, 193-1083
If you are under 59 ½, you can avoid the 10 percent (or 25% on SIMPLE IRA distributions taken within two years from the first contribution) penalty if you distribute the money due to an ----?
IRS Levy
When distributions are issued from Roth IRAs, IRS regulations do not require federal income tax to be withheld, unless the client elects otherwise. The client may elect to have 1-100% withheld for federal income tax. However, applicable state minimum income tax withholding may apply.
Roth IRAs
you can combine multiple investments in a single advisory account.
Advisory Solutions UMA model
DST
security distrubtion
What is the # and direct extension for Transfers Services?
#88, 193-1088
The amount can be recontributed up to 3 years from the day after the distribution is received. The individual cannot take an additional BLANK distribution during the 3-year repayment period unless the repayment occurs.
Emergency Withdrawal
Any distribution from a qualified plan that is eligible for rollover, but is not rolled over, is subject to federal income tax withholding. Federal income tax in the amount of 20% will automatically be withheld from the amount of the distribution.
Qualified Plans
Since all trade functions are done automatically by the automated trading system for an advisory account -----------, when a client want money from his or her account, a disbursement has to be entered. The system then takes care of liquidating assets to make the money available.
Advisory Solutions Fund Model
L90
Lumpsum cash distribution
What is the # and direct extension for Financial Solutions Services?
#48, 193-1048
Distributions from an IRA due to BLANK will not avoid the 10% (or 25% in the case of SIMPLE IRAs if fewer than two years from the date the first contribution was made) early withdrawal penalty for individuals under 59 1/2 unless they also meet one of the penalty exceptions above. The concept of BLANK Withdrawals is limited to Qualified Plans (such as a 401(k)) and 457 Plans.
Hardship Withdrawals
How would A client update their tax withholdings themselves?
Bottom of settings page within clients online access
Not a long-0term solution but allows client and branch teams to perform transactions that cannot be performed in other account solutions. This account is only used in certain situations, such as estate or divorce transfers where the client will not stay with Edward Jones, or for recurring activities such as IRA to Roth Conversions or certain types of retirement plan contributions.
Select transitional account
LDN
Lumpsum security distribution
How would you contact MoneyGuide Support?
Live Chat
Early Withdrawal Penalty Exceptions
Would a client be required to sign a document if they changed their tax withholdings themselves via online access?
no
Gives clients the ability to choose from an extensive list of eligible mutual Funds and exchange trades funds.
Guided solutions
E74
Interest on Excess - taxed prior year