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What else can I help you with?
Can you transfer a Roth IRA to a Traditional IRA?
Well, it's a bit complicated and you may take a tax hit if you withdrawl your account completely. Are you close to retirement age? What tax bracket do you think you'll be at when you retire? You can read more about conversions here: http://www.rothirarules.net/ http://ww.rothirarules.net/roth-ira-tax.htm http://www.rothirarules.net/roth-ira-conversion.htm Good Luck
Does a 401K or Roth IRA provide greater tax efficiency?
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not. A Roth grows tax free, while a 401k is taxed when you withdrawl the funds.
Do IRAs issue tax forms to account holders who are over 70.5 years old?
Yes. You are required to start taking out certain withdrawls from your IRA after reaching the age 70.5. The requirement is actually not that you make the actual withdrawls but that you pay tax on this amount as if you had made the withdrawl required. From a reality standpoint it is actually easier if you do take the withdrawl and put it into another account so that you can keep up with what amount has been taxed and what has not been taxed in your IRA account.
What are some FAQ about Roth IRA?
People have many questions regarding Roth IRA's. Some typical frequently asked questions about Roth IRA's are "Are there any penalties for cashing out my IRA early?" and "can i convert my traditional IRA into a Roth IRA?"
What age can a person no longer contribute to in additional Ira?
There is no age limit for contributing to a traditional IRA, but contributions to a traditional IRA are no longer allowed once a person reaches the age of 70 ½. For a Roth IRA, there is no age limit for contributions as long as the individual has earned income.
Is 8 percent the typical growth rate of a Roth IRA?
no
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.
What is the RMD for ira withdrawal ?
what is the RMD for age 83 for IRA withdrawal
Is there an age limit on putting money in a IRA?
do you have to be working to buy an ira
What is the maximum age for ROTH IRA contributions?
No max for Roth...can contribute money into IRA forever. Non-roth have an age limit of 70 1/2
What are the new regulations for IRA accounts?
The new regulations for IRA accounts include changes to the required minimum distribution age, allowing contributions at any age, and increasing the age limit for traditional IRA contributions.
Am I eligible for an IRA?
To be eligible for an IRA, you must have earned income and be under the age of 70.
