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What else can I help you with?
Which factor makes an IRA superior to a regular stock portfolio for saving for retirement?
IRA's are exempt from some taxes
Can you trade an IRA account?
Yes, you can trade stock, bond, mutual funds, etc
Do you pay tax on sale of stock at a loss in your IRA?
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).
If you were gifted 12000 and sold stock in 2007 and then opened an IRA and a money market account with it what kind of taxes do you have to pay?
Gift - no tax. Stock sale - tax on profit, if any. Type of tax depends on how long stock was held. IRA - if Roth, no effect on tax return. If traditional, may be deductible, depending on other factors. Money market - interest is taxable.
What is the historical performance of a Roth IRA invested in the SP 500?
Historically, a Roth IRA invested in the SP 500 has shown strong performance over the long term due to the stock market's growth. This investment option has the potential to provide significant returns, but it also comes with risks as the stock market can be volatile.
I have dividend re-invested ATT stock since 1984 held by T. To avoid the capital gains nightmare when selling can I put them into my IRA account and sell them later to buy something else?
no you cannot contribute to an IRA with stock. Contributions have to be made in cash. The government would miss out on a lot of capital gains tax if that was allowed!
Can you trade on margin and short stocks in your self directed IRA?
According to IRA regulations, if any part of an IRA is used as collateral, the entire IRA is considered to be distributed. Distribution of such accounts are subject to income taxes and an additional penalties. This is important because margin accounts require that you pledge your account as collateral. Your attempt to convert an IRA account into a margin account will nullify it's "qualified" status. It is for this reason that investment firms will not provide margin for a retirement account. Also, because shorting stocks requires the use of a margin account you can not invest in this way either. If you wish to short stock you must open a standard margin account that is not a qualified retirement account.
What is adjusted net?
typically personal adjusted net worth is the net worth less "homestead equity" IRA or 401K, and privately held stock.
Can you have Both A Sep Ira and a Simple Ira?
Can you have both a Sep Ira and a Sep Ira?
What is adjusted net worth?
typically personal adjusted net worth is the net worth less "homestead equity" IRA or 401K, and privately held stock.
How to convert a traditional IRA to a Roth IRA taxes?
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.
What kind of IRA accounts are there?
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.
