If my parents put monies into a CD or IRA account (20years ago) in my name, cane my widowed Mother or my brother (who is executor)redeem them without me knowning, or being present? And, or do they have the right to use the money in any other way than to transfer it to me?
Rolling over a traditional IRA into a Certificate of Deposit (CD) does not trigger immediate tax implications, as both accounts are tax-deferred. However, it's crucial to ensure that the rollover is executed as a direct transfer to avoid any taxes or penalties. If the funds are withdrawn and then deposited into a CD, it could be considered a distribution, resulting in taxes and potential early withdrawal penalties if you're under age 59½. Always consult a tax professional for personalized advice.
Each CD was $14.90
I advise you to put the $1600 in a 5-year CD. First compare bank CD rates and select the bank with the highest rate and that rate locked in for at least 5 years.
Yes, you generally have to pay tax on the interest earned from a CD. This interest is considered taxable income by the government.
Let be x the number of CD's in the first shipment. So those CD's cost 11.4x before the tax, and 11.44x + 0.13(11.44x) including the tax. So we have, 11.44x + 0.13(11.44x) = 90.49 11.44x + 1.49x = 90.49 12.89x = 90.49 x ≈ 7 Thus, in the first shipment were 7 CD's.
If you mean CD like CD player, then no.
The total tax is $0.95 and the total price with tax is $16.84
Yes, you can put a CD in a trust by transferring ownership of the CD to the trust, which allows the trust to manage and distribute the CD according to the terms of the trust agreement.
$52.92/1.08 = $49.00 total price before sales tax $49.00/4= $12.25 price of each CD before sales tax $52.92/4 = $13.23 price of each CD including sales tax
The total tax is $0.90
you glue them on the CD LOL