IRA Plans

Yes, you can contribute to both a Traditional and a Roth IRA account but contribution limits apply across both accounts. For example, if your contribution limit is $5,000 then you could contribute $2,500 in each account. You can not contribute $5,000 into each account.

that is not unechable that C D is using to all things

$5000 if under 50 and $6000 if over 50 for a contribution. If a rollover from another IRA plan (i'e, retirement plan, then the amount is unlimited).

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

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for taxes or penalty for withdraw?

It depends on what the money is going to be used for. SAY NO TO IRA! In life there are two ways to pay taxes: Pre-Tax and Post-Tax and my personal favorite way not to pay taxes: TAX NEVER! Here is how tax never works.....invest in a universal life insurance policy for the next 30 or so years and let it build cash value. Then at retirement age, take a loan on the policy. You wont have to pay it back because it will come out of the death benefit. Do not let the policy lapse or you will have to pay tax on the money that has accumulated. With traditional investments you can lose pretty big if the economy tanks, but not with a universal life policy because it has a GUARANTEED rate of return (unless, of course, the insurance company tanks). The best part is you also have a death benefit if you die prematurely. If you are using this to fund college for your children, look for a policy with a minimum face value and max cash value.

If your shares were lent to a short seller, any payments in lieu of dividends you received are taxable. And what is even worse is that they are not qualified dividends for purposes of the reduced tax rate on dividends.

If you are the borrower, any payments you made to the lender are an itemized deduction if you held the short position for 46 or more days. They are an addition to your basis if you held it for 45 days or less.

Not until you take them out of the IRA.

Yes you may, and neither the Simple nor the Traditional IRA is affected by contributions to the other.

The maximum amount for the Simple IRA for 2010 is $11,500 plus a $2,500 catch-up for folks 50 years old and older.

The Traditional/Roth IRA maximum contribution amount for 2010 is $5,000 plus a $1,000 catch-up amount for folks 50 and older.

You cannot contribute more to your IRA than the amount of your "compensation income." Compensation income is the taxable portion of your wages/salary, net self-employment, and alimony. Any amount shown in box 1 of a W-2 minus the amount shown in box 11 of the same W-2 is automatically considered taxable compensation income.

So if you are not doing some kind of work or receiving alimony, you can't contribute.

There is no age limit for contributions to a Roth IRA. People over 70 1/2 cannot contribute to a traditional IRA.

The horse the IRA kidnapped was a racehorse named Shergar.

IRA stands for Induvidual Retirement Account.

The 2009 Roth IRA contribution limits for those eligible to contribute to one is $5000 for those under age 50 and $6000 for those aged 50 and over. The allowable contribution limit did not increase from 2008.

America is a great place...there is no limit to how much money you can make.

Check this link for an answer: http://www.fool.com/taxes/2000/taxes000908.htm

Individual retirement accounts (IRAs) were introduced in 1974 with the enactment of the Employee Retirement Income Security Act (ERISA). As Congress originally conceived the accounts, participants could contribute up to $1,500 a year and reduce their taxable income by the amount of their contributions.

its an IRA with a fixed interest rate for some period of time between six months and three years.

No amount until you reach 70 1/2 (for traditional IRA, sep, simple, etc) has to be taken. Then a RMD would have to be taken which is a calculation based on the PFMV of the account(s) on 12/31 of previous year and an age factor based on your age,

Roth account don't have to ever take funds from them.

Depends... You can take the regular Roth IRA contributions (but not earnings) at any time for any use free of income taxes and penalty.

Yes. You can have as many SEP IRAs as you wish. But the total contribution you make to the SEP IRAs cannot exceed your annual limit. If your retirement account is likely to become substantial or you have funds in a 401(k) from a previous employer and you are an one person (or one person with a spouse) business, you should look into individual 401(k)s. All of the major financial institution and self-directed trust companies offer them. They work like a corporate 401(k) but you have complete control. They may be better than a SEP since: 1. The contribution limits are higher 2. You can borrow against the 401(k) but not a SEP 3. You can have a Roth 401(k) but you cannot make Roth contributions to a SEP 4. You can buy life insurance or invest in a S corporation in a 401(k)

Depends on what assets you bought.

It depends on your age and how you withdraw the funds: 1. If you withdraw a lump sum before you are 59 1/2 years old, you will pay a 10% penalty on the amount withdrawn and the amount will be included in your taxable income. Since these taxes are additive, you can get over 40% of your withdrawal taken away from you if you have high enough income. 2. If you declare you will be withdrawing equal amounts each year based on your life expectancy, you can avoid the penalty. You will pay taxes each year on the amount you withdraw that year. 3. If you make a withdrawal after you are 59 1/2, you only include the amount in your taxable income. There are no penalties.

Withdrawals must be taken in any year a person reaches 70 1/2 years old. There is a table in Publication 590 on the IRS' web site that indicates the percentage that must be withdrawn in the year: http://www.irs.gov/publications/p590/index.html.