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No, a 457 IRA is no the same as a Roth IRA. A 457 IRA is a type of retirement account that holds money pre-tax, so when the money is withdrawn in retirement, it is taxed as income at that time. A Roth IRA is funded with after tax dollars, and taxes are not assessed at the time of withdrawal.
The cost of living adjustments have been made to the 2013 Roth IRA maximum contributions. If you are above 50 the maximum amount you can contribute is $6500.
$22750
Your question is too vague. You must give the percentage that you are taxed at.
At $1.49 a liter, it's $149.00 plus tax. In some places, drinking water is not taxed. Maybe the questioner wanted to know some sort of scale as to how much (how big) 100 liters is? Well imagine a 2-liter bottle, take 50 of them. Go to the grocery store and look at the shelf to get an idea. In gallons, 100 L = 26.417 US gallons, so 5 of the large 'water-cooler' type bottles (5 gal ea) would be 25 gal (a little less than 100 L).
Dividends in the Traditional IRA are taxed upon distribution (when you physically take the money out for yourself). When the IRA holds stocks the growth and dividends paid within the account are tax deferred.
The taxable distribution amounts will be taxed to the beneficiaries in the same way that were or would have been taxed to the deceased taxpayer. If your meaning inherited IRA or retiremen plans the rules can be much, much different.
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.
Not currently
IRA stands for individual retirement account. A Roth IRA is a retirement account that you put money into in order to invest. The money you put in has already been taxed on your income tax returns. You put money in, invest it, it grows(hopefully), and when you take it out at retirement, the gains on your investments don't get taxed. If you take it out before retirement, however, there are tax penalties, so don't take it out. You can get a Roth IRA for free from most banks and online stock trading companies. Roth IRA's are different from Traditional 401k's in that you put money in a Traditional 401k through your employer pre-tax and the gains get taxed when you take it out at retirement.
A Sep IRA stands for Simplified Employee Pension IRA. Withdrawals from Sep IRA funds are taxed as if it was ordinary income. Taxes are paid at the beginning when a Roth IRA is opened. Withdrawals are not taxed so in the end a Roth IRA costs less than a Sep IRA. Both types of IRAs are great forms of investment.
Funds from a Roth IRA are handled exactly like any other IRA: over a diverse group of investments. A Roth IRA is pre-taxed funds, while a conventional IRA is taxed on payout. How the funds are invested is not affected.
a contribution
Under current law - contributions taxed when contributed, not taxed when withdrawn. Earnings or investment gain (which remember to consider in any analysis would currently have only been taxable at the low capital gains rates in NON IRA situations)...not taxed on withdrawal either.
Yes, if it is a qualified Profit sharing plan, i.e. Pre-taxed or Post taxed.
Yes, you can withdraw money any time from a Roth IRA, since it already has been taxed. However, after you withdraw the money, you can put back only the maximum contribution each year. The principle will not be taxed, but any interest you withdraw will be taxable before 591/2 years of age.
No, transactions in an IRA are tax exempt. (besides, you never have to pay taxes on a loss, it's only gains that are taxed).