Minimum Required Distributions. If you inherit an IRA from your parent and can't transfer it to your IRA, you might need to distribute the account by the end of a five-year period. The five-year rule applies if any of the beneficiaries is not an individual.n individual retirement account rewards long-term savers with tax-deferred or tax-free income. You can deduct contributions to a traditional IRA but must pay taxes on withdrawals. You donât get a tax deduction for Roth IRA contributions, but withdrawals are tax-free if you observe the rules.
But thereâs a lingering myth that VA loans take forever to close. And thatâs simply not the case. Most VA loans close in 30 to 45 days, which is standard for the mortgage industry regardless of the type of financing. In fact, dig into the numbers a bit and you donât find much difference between VA and conventional loans.
Best Answer: I'm a loan officer, and I will be able to answer this for you. FHA loans are government loans. The length of time it'll take to close an FHA loan depends on what type of relationship your lender, or broker, has with FHA.If they are a correspondent FHA lender, then it'll take an average of 3 weeks. It could take up to as long as 3 months if not a correspondent.My suggestion is to contact your loan officer, and hound him. Get answers, and if you don't get it from him, go elsewhere.f they are a correspondent FHA lender, then it'll take an average of 3 weeks. It could take up to as long as 3 months if not a correspondent. My suggestion is to contact your loan officer, and hound him. Get answers, and if you don't get it from him, go elsewhere.