0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How steep is the roth IRA interest rate?
An IRA interest rate usually depends on what kind you have variable or fixed interest.
What are the interest rates used by the IRA?
There are many different interest rates used by the IRA. Most IRA rates are around 2% and can go up to somewhere around 5%. IRA interest rates can always change.
Have IRA invest acct with corporate and municipal bonds Know if you withdraw interest from corp it is taxable If you take interest from tax free municipal bonds is it also taxable?
No matter what your investments in an IRA are, the tax situation only unfolds when you withdraw money from the IRA. How the investments in the IRA earn a yield is irrelevant. If its a traditional IRA you will be taxed when you start withdrawing money at retirement. If its a Roth, you will not be taxed on withdrawals no matter what the investments are inside the IRA. Sinces IRA are taxed deferred in makes little senses to invest into a Tax Free Municipal bond.
How is a roth ira interest rate different than other interest rates?
A roth ira interest rate is different than others because the greater your balance means greater interest rate.
What is an IRA CD?
its an IRA with a fixed interest rate for some period of time between six months and three years.
Do you have to report interest from a traditional IRA on form 1040?
No. This is only going to be taxable once you start taking distributions from the IRA.
If you put 50000 in an IRA today what would it be 38 years when you turn 60?
That question can not be answered with the information given, but assuming you earn a consistent 5% simple interest annual return on $50,000 for a full 38 years (not considering any inflation or tax issues), the value of your IRA would be $319,273.86.
Interest earned on a billion dollars?
You can earn a lost of interest on a billion dollars. The amount of interest you will earn will depend upon your rate of interest and how long you leave it in the bank.
Is bank interest rate on savings tax deductible?
No. Interest payments, whether from banks or other sources are taxable unless some special provision applies. For example, interest paid on an Individual Retirement Account (IRA) and remaining in the IRA, and not taxable at all.
I need more information or advice about IRA tax deductible.?
There is no deduction for a Roth IRA. The advantage is given when you take money out of he roth after retirement. No tax is paid on the interest earned on the roth IRA.
Do all deposits gain interest?
Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.
Does all money deposited in a bank earn interest?
No. Money deposited in checking/current accounts do not earn any interest.
