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What else can I help you with?
How did the Protestant Reformation contribute to the start of the enlightenment?
It led Europeans to begin questioning traditional authorities
In what year was the IRA formed?
Their are multiple meanings of the acronym IRA. Internal Revenue service was founded around 1975. The Irish Republican Army was created around 1922.
When did the IRA END?
From what i know it ended a while ago, but there is still dirty british rule in northern ireland, and till this day there is still a well respected IRA but more commonly call PIRA, the "provo"IRA. Not to sure the meaning of that. But the war ended but the IRA still fights. And now with a recession I am sure they we begin to fight again, recession does that to people. And i hope they do start again.
What year did farming begin?
one year in history
When did the IRA disband?
The IRA disbanded in 1923 after the civil war. The modern equivalents of the IRA such as the Provisional IRA decommissioned their arms and ended their service in 2005. Splinter groups like the Real IRA and Continuity IRA are still active, just about. But are not currently engaged in an armed campaign.
Can I contribute to both a Simple IRA and a Traditional IRA?
No, you cannot contribute to both a Simple IRA and a Traditional IRA in the same year.
Is it possible for me to contribute to both a Simple IRA and a Traditional IRA in the same year?
No, you cannot contribute to both a Simple IRA and a Traditional IRA in the same year. You must choose one type of IRA to contribute to for that tax year.
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.
Does one have to pay taxes in the interest earned on after tax contribution to a traditional IRA account?
Earnings within an IRA are not taxable in the year earned. A traditional IRA contributions are possibly tax deductible in the year made and are tax deferred until they are taken out of the IRA.
Which of these instruments requires an investor to begin withdrawing funds by age 70½?
Traditional IRA
Which of these instruments requires an investor to begin withdrawing funds by age 70.5?
traditional IRA
What is the difference between a Roth IRA and a traditional IRA?
ROTH IRA and Traditional IRA may differ in many ways. Few examples of their differences are: Roth IRA has no tax break for contributions; tax free earnings and withdrawal in retirement. While the Traditional IRA has tax deduction during contribution year; an ordinary income tax owned on withdrawals.
Can you provide an example of a traditional IRA and explain how it works?
A traditional IRA is a retirement account where you can contribute pre-tax money, which grows tax-deferred until you withdraw it in retirement. For example, if you earn 50,000 a year and contribute 5,000 to a traditional IRA, you only pay taxes on 45,000 of your income that year.
If my wife and I open up an IRA this year and we are over 65 years old, how soon can we withdraw the funds w/o penalties?
First the question of set up. If you establish a ROTH IRA, there is no age limit, however, with a traditional IRA, the limit for establishing the IRA is 70.5. IRAs can only be finded by income derived from work, so assuming you have a salary, funds can be withdrawn after the age of retirement. In the case of a traditional IRA, you can withdraw earnings as soon as they accumulate as long as you begin withdrawal by April 1st of the year after you turn 70.5.
Can you roll a traditional IRA into a sep IRA?
Yes, and sep to traditional as well
Can I rollover my 401k to a traditional IRA?
Yes, you can rollover your 401k to a traditional IRA.
Can a 75 year old contribute to roth IRA?
Yes, a 75-year-old can contribute to a Roth IRA as long as they have earned income. There is no age limit for contributing to a Roth IRA, unlike a Traditional IRA which has an age limit for contributions.
