Opinions on changing your standard IRA investment to a Roth IRA vary on who you ask. www.smartmoney.com/.../should-i-convert-my-ira-to-a-roth-ira is an excellent website for information.
IRA is Roth
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
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.
Yes
Maybe not; the living relative has no authority to take control of an IRA. If there are no beneficiary instructions and no valid will, the IRA will be treated like any other property and be distributed through the probate process.
farmer's lung
An executor who is not benificiary, is he has apower to sale immovanle property?
You will not know, unless the insured chooses to disclose that information it to you.
Can you have both a Sep Ira and a Sep Ira?
'DB' is short for 'Date of Birth.'
Fortunately, you can easily convert your traditional IRA to a Roth IRA during a given tax year. You can contact the company that operates your IRA and have them rollover the traditional IRA to the new Roth IRA.
There are many kids of IRA accounts. Traditional IRA, ROTH IRA, SIMPLE IRA and a few more are the various kinds of different IRA accounts. Traditional IRA accounts are one of the more common IRA but are also the most basic and simple to use.
Ira
Opinions on changing your standard IRA investment to a Roth IRA vary on who you ask. www.smartmoney.com/.../should-i-convert-my-ira-to-a-roth-ira is an excellent website for information.
You are close. It is beneficiary. The 'bene' part, Latin for good, is the same root as in the word benediction.
It depends on the type of IRA you have. Distributions from a traditional IRA are taxable. Distributions from a Roth IRA are not taxable.