0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How long do you have to reinvest traditional IRA CD maturity funds in another IRA?
60 days from the distribution date to avoid the 10% early withdrawl and/or any taxes due if the IRA is a traditional and not a Roth. I would suggest a direct rollover so as to have a paper trail between custodians.
Can you cash in your IRA and reinvest it in another IRA without paying taxes?
Yes, its called rolling over...its easy to do, may not require "cashing it out" but MUST be done by the ones administering the IRAs. Just speak to the one you want to place it with....they will handle it.
I am 55 and have a 401k to reinvest since i quit working. where should i reinvest?
I would need to ask you some questions to give you a great answer but here is a good answer. At age 55 and either retired or very near retirement, preservation of capital is key. When will you need to start pulling the money out of the savings? You would be rolling your 401K into an IRA. I suggest at least one annuity. If you can wait 10 years for some of your money than 6% guaranteed for 10 years would come very close to doubling your money. In the meantime some other shorter IRA's might be wise if you need money sooner and those have guaranteed rates of 3-5 % depending on the duration of time.
If you do not contribute to your 401-k can you contribute to an IRA?
You can contribute to both a 401K and an IRA at the same time (same year).
What is an IRA CD?
its an IRA with a fixed interest rate for some period of time between six months and three years.
How long do you have to reinvest traditional IRA CD maturity funds in another IRA?
60 days from the distribution date to avoid the 10% early withdrawl and/or any taxes due if the IRA is a traditional and not a Roth. I would suggest a direct rollover so as to have a paper trail between custodians.
Can you cash in your IRA and reinvest it in another IRA without paying taxes?
Yes, its called rolling over...its easy to do, may not require "cashing it out" but MUST be done by the ones administering the IRAs. Just speak to the one you want to place it with....they will handle it.
If you sell a stock in an IRA on Tuesday on what day can you reinvest that money?
You have 60 days to roll it over into another product without facing any type of tax implications. But to answer you question directly, you can do it the same day if you want.
I am 55 and have a 401k to reinvest since i quit working. where should i reinvest?
I would need to ask you some questions to give you a great answer but here is a good answer. At age 55 and either retired or very near retirement, preservation of capital is key. When will you need to start pulling the money out of the savings? You would be rolling your 401K into an IRA. I suggest at least one annuity. If you can wait 10 years for some of your money than 6% guaranteed for 10 years would come very close to doubling your money. In the meantime some other shorter IRA's might be wise if you need money sooner and those have guaranteed rates of 3-5 % depending on the duration of time.
How much money did Ira and Abby gross worldwide?
Ira and Abby grossed $221,096 worldwide.
How much money did Ira and Abby gross domestically?
Ira and Abby grossed $221,096 in the domestic market.
How much can you add to a Traditional IRA?
You can contribute 5,000 to a traditional IRA as of 2009 tax year. If you are over 50 years of age you may contribute 6,000. This is known as a catch up contribution. These numbers is adjusted from time to time to account for inflation but these totals will apply for 2009.
If you do not contribute to your 401-k can you contribute to an IRA?
You can contribute to both a 401K and an IRA at the same time (same year).
Can you have an IRA and participate in an ESOP at the same time?
Yes
What does Roth IRA stand for?
Roth is the type of IRA. IRA means individual retirement account. A Roth IRA differs from a traditional IRA in that the deposit is not tax deductible for income tax purposes. Also, the gain over time is not taxable when the account matures and the amount is withdrawn for retirement income.
is a roth ira tax decuctible. how much can you contribute. I am age 74 and still working full time?
Contributions are not tax deductible but you can put in what you want.
Can you reinvest your capital gains?
Sure...but you pay tax on them anyway.
