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What else can I help you with?
What is the difference between Roth IRA and a traditional IRA?
A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.
Can I contribute post-tax money to an IRA?
Yes, you can contribute post-tax money to a Roth IRA, but not to a traditional IRA.
What is a liqued IRA?
is a liquid ira money available to you
Can you borrow money from your IRA account?
No, you cannot borrow money directly from your IRA account.
Can I borrow money from my Simple IRA account?
No, you cannot borrow money from your Simple IRA account.
What is the difference between Roth IRA and a traditional IRA?
A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.
Can I contribute post-tax money to an IRA?
Yes, you can contribute post-tax money to a Roth IRA, but not to a traditional IRA.
What is a liqued IRA?
is a liquid ira money available to you
Can you borrow money from your IRA account?
No, you cannot borrow money directly from your IRA account.
Can I borrow money from my Simple IRA account?
No, you cannot borrow money from your Simple IRA account.
Can you borrow money from your IRA?
Yes, you can borrow money from your IRA, but there are specific rules and limitations that must be followed.
Is there an age limit on putting money in a IRA?
do you have to be working to buy an ira
Can you borrow money from your IRA?
No
If you have an IRA can they take money from it when you go into bankruptcy?
IRA's are exempted personal property. Creditors can not touch this money to pay debths.
Can I borrow money from an IRA account?
Yes, you can borrow money from an IRA account, but there are specific rules and limitations that must be followed.
Should you convert your traditional IRA to a Roth?
Depends mostly on whether your marginal tax rates will rise or fall. Starting with $1,000 untaxed money: The Roth route: pay income tax on it at say 28%. The remaining $720 goes into the Roth. Say it doubles over X years to $1,440. You draw it out but do NOT pay tax on it. You get $1,440 after tax money. The traditional IRA/401(k) route: do not pay tax on it; $1,000 goes into the traditional IRA/401(k). It doubles over the same X years to $2,000. You draw it out but you DO pay 28% tax on it. You get $1,440 after tax money.
Can a self-directed IRA loan money to individuals or businesses?
No, a self-directed IRA cannot loan money to individuals or businesses.
