FAQ’s

GENERAL FAQs What is Islamic Investing in the US? Islamic investing is quickly becoming very popular worldwide. Muslims represent an underserved market that has only recently been recognized. Over 7 million Muslims live in the US, half of whom make $50,000 according to Zogby’s (based on US Census 2020) – well above the national average […]

Education SavingsAccount FAQs Is Coverdell Education Savings Account (CESA) different from Education IRA? No. Education IRA was renamed as Coverdell Educations Savings Account (CESA) in 2002. Both are the same with different names. How does CESA work? In a nutshell, CESA offers tax-free investment growth and tax-free withdrawals when the funds are spent on qualified

401K/IRA Rollover FAQs Is a rollover right for me? It depends on your situation and the choices available to you. Some might want to leave their retirement funds with the former employer due to the general investment strategy. A rollover helps you to keep the tax-deferred status and avoid early withdrawal penalties. You can also

ROTH IRA FAQs We have provided these FAQs as general guidance. IRAs of all types are subject to IRS eligibility, requirements and restrictions. Talk with your investment and tax advisors about your particular circumstances. Please see IRS Guidelines for information for the current tax year. What are the income limits for Roth IRA contributions? The amount you

SEP IRA FAQs We have provided these FAQs as general guidance. IRAs of all types are subject to IRS eligibility, requirements and restrictions. Talk with your investment and tax advisors about your particular circumstances. Please see IRS Guidelines for information for the current tax year. Who is eligible to set up a SEP IRA? What are the

SIMPLE IRA FAQs We have provided these FAQs as general guidance. IRAs of all types are subject to IRS eligibility, requirements and restrictions. Talk with your investment and tax advisors about your particular circumstances. Please see IRS Guidelines for information for the current tax year. What is a SIMPLE IRA? SIMPLE stands for Savings Investment Match Plan

Traditional IRA FAQs We have provided these FAQs as general guidance. IRAs of all types are subject to IRS eligibility, requirements and restrictions. Talk with your investment and tax advisors about your particular circumstances. Please see IRS Guidelines for information for the current tax year. What are the income limits for IRA contributions? For traditional IRA, there