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IRA Plans
Tax-advantaged retirement savings plans including the traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, and self-directed IRA
886 Questions
Contribution of dr felicidad E Enzaldo?
Dr. Felicidad E. Anzaldo is the former Dean of the College of Pharmacy in University of Perpetual. There is no public information on his contributions.
Is unemployment income considered compensation income for Roth contribution?
The IRS says no. See the Related Link below for more information.
First, he should have homeowners insurance (or condo insurance) to cover this catastrophie. If not, he can be sued and his accounts can be siezed if ordered in court.
Barack Obama started the IRA plan as apart of his recovery package.
Can a beneficiary of an IRA name a successor beneficiary in the state of Colorado?
No. A beneficiary has no authority to name a beneficiary of another's property. Only the principal can name the beneficiary. Generally, if the primary beneficiary declines to accept the inheritance then the gift will lapse and the property will be included in the estate.
Are index annuites with IRA a good investment?
The lowest fees will be with an index fund that is offered through a mutual fund. The benefits of annuities are often the same as an IRA and you would be over paying for the same thing.
Are IRA withdrawals subject to medicare tax?
IRA withdrawals are subject to neither Medicare nor Social Security tax.
What penalty do you pay from early withdrawal from a CD?
It depends on the bank you did the CD with, what the terms of the CD you signed up for, and essentially how much you put in the CD to begin with.
When can a wife access a husband's IRA without penalty when he has passed away?
Generally, early distributions from an IRA are subject to a 10-percent tax in addition to the regular income tax on your total income. Early distributions are amounts that are distributed before you reach age 59 1/2.
There are several exceptions to the age 59 1/2 rule. The beneficiary of a deceased IRA owner is exempt from the additional 10 percent tax. If you choose to treat the IRA as your own, other requirements apply.
For more information, go online at www.irs.gov/formspubs. Select Publication Number. Type 590 to read/print Publication 590 (Individual Retirement Arrangements).
Another helpful source is Tax Topic 557 (Tax on Early Distributions from Traditional and Roth IRAs), available online at www.irs.gov/taxtopics.
What is the maximum amount that a single person can contribute to Roth IRA for tax year 2007?
A taxpayer under the age of 50 can contribute to a Roth IRA the lesser of $4,000 for 2007 or the amount of earned income. If the taxpayer is 50 or older the max contribution is the lesser of $5,000 or the amount of earned income. There are other limiting factors to determine if you are eligible - see the IRS Publication 590.
Note: as contributions to a Roth are after tax money, contributing to one does NOT lower your current tax bill. Contributing to a regular IRA will.
it means you are paying or contributing monies 'post' or after all taxes have been with held from your pay check........ maybe you are talking about a 401k? you can on most contribute, pre or post tax........
How do you find an IRA Account opened with Crocker Bank in CA during 1980's?
i have a similar or related question. i have several ira accounts opened through crocker bank. wells fargo purchased all crocker banks in 1986. they should have taken over all assets. wells fargo is claiming they can't find the ira accounts. what should i do?
"A salary deferral retirement plan established by an employer with 100 or fewer employees who received $5000 or more in compensation in the preceding year."--Schwab
Employees defer part of their pay into the plan and the employer either matches a certain percentage or makes a non-elective contribution.
Do you need spousal consent to change your IRA beneficiary in Alabama?
That is a federal requirement. Retirement benefits always have to be done in conjunction with the spouse.
Can you withdraw from a sep IRA?
Yes, but there would be taxes and penalty that are incurred if not 70 1/2
Is an IRA part of probate assets if a non spouse beneficiary was designated?
No. The general rule to remember is that any financial instrument (whether life insurance, IRA, etc.) with a beneficiary that CANNOT be changed by will also CANNOT be transferred by will, and is therefore a non-probate asset.
By definition, an IRA that designates a non-spouse beneficiary does NOT pass through a person's estate. Rather, the beneficiary designation and terms of any related contract determine who receives the assets.
Rules governing bank accounts are much more state-specific and harder to generalize.
In any case, don't take my word for it. Consult an estate planning attorney licensed to practice in your state!
Which brokerage firm bought Montgomery Securities?
If you mean Montgomery Street Income Securities Inc. (MTS), according to Yahoo! Finance, Deutsche Investment Management Americas, Inc. is their investment advisor.
Can you switch from a Traditional IRA to a Roth IRA?
maybe....it's called a Roth Conversion...you may be able to do it if your income is less than $100,000. When you do it, you must report as income for the current year the amount converted (this is why most people don't do a conversion).
Yes, you can have more than one HSA but must limit your total contributions to the limit set by the IRS. ( See IRS publication 969. page 5)
Was religion a factor in the IRA attacks?
No, not at all.
They were made up of all religions and in 1988, a member was killed by his comrades for attacking a Catholic, just for being Catholic, which shows how the organisation were against sectarianism.
What was the IRA's cause when mountbatten was assassinated?
They wanted to attack a symbol of the British establishment.
He had not organised much security, because he was generally popular in that part of Ireland, and did not feel that he was a target.
