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Here goes... I have 2 sub accounts with Vanguard that are a
here goes... I have 2 sub accounts with Vanguard that are a mix of 401K rollovers (pre and post tax contributions) and IRA (post tax contributions that were declared as deductions on my annual income … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,714 satisfied customers
My wife is converting money from an ESOP from a former
My wife is converting money from an ESOP from a former employer to a Roth IRA? We have not completed the rollover yet but need to determine how much money to put into the Roth IRA and how much to pay … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,714 satisfied customers
taxpayer retired and took a retirement plan from employer,
taxpayer retired and took a retirement plan from employer, the payment was a lump sum rollover. the bank they went to with the rollover classed the traditional retirement funds as a roth ira. however … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hello, I have recently separated from employment and have
Hello, I have recently separated from employment and have a pension plan worth 13K that I must either rollover into a traditional IRA or take a cash payout on. I do not have a traditional IRA, I have … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hi. I have a Traditional IRA with just a few thousand dollars
Hi. I have a Traditional IRA with just a few thousand dollars in it, which I established with tax-deductible (pre-tax) money years ago before I had a 401k. Today, I am above the ~$180K income limit an… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hi, this is a 401K and IRA type question. I contributed
Hi, this is a 401K and IRA type question. I contributed both 'before tax' and 'after tax' money to my 401K at work. I recently retired and now want to roll over the entire amount of my 401K into my IR… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I am 61 years of age and I am thinking of taking some funds
I am 61 years of age and I am thinking of taking some funds out of a Roth IRA and placing them into a personal online brokerage account, so that I can have more investment options with this money, suc… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
1 satisfied customers
I need advice regarding converting a 401K to either a Traditional
I need advice regarding converting a 401K to either a Traditional IRA or Roth IRA. What do I qualify for and what would make the most sense long term? Thanks!… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,242 satisfied customers
Can I take my retirment vacation/sick payout of $6,000 and
Can I take my retirment vacation/sick payout of $6,000 and put it directly into an IRA annuity without paying taxes on it and how do I do it if I can?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I was trying to rollover a Roth IRA and filled out the papers
I was trying to rollover a Roth IRA and filled out the papers incorrectly and marked it as a Traditional IRA; the company then had me put it in an IRA then converted it to the Roth. This is not correc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
i have a 401k with $250,000 in it and i just left the company.
i have a 401k with $250,000 in it and i just left the company. i am 45 yrs old, have an existing roth for me and my wife, will make $65,000 this year and $100,000+ /yr next year until retirement in 12… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I make over 120K/ annually. I max out my 403b contribution
I make over 120K/ annually. I max out my 403b contribution $16,500 annually and my company also puts aside money for my retirement in a 401A defined benefit plan. I would like to put money into an IRA… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I have a client who is married, she took an early withdrawl
I have a client who is married, she took an early withdrawl from a Roth IRA of $15,000 which was not a total distribution. She is under the age of 591/2, not disabled, did not use the funds for a firs… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My question I recently (late 2008) rolled over all funds from
My question: I recently (late 2008) rolled over all funds from my AZ state retirement account into a traditional IRA, having quit my job and moved away from Arizona. I now reside in TN. I'm preparing … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In 2007 I opened a traditional IRA with $4000 taken from my
In 2007 I opened a traditional IRA with $4000 taken from my normal savings account (i.e. used after tax money). I closed that account in 2008, withdrawing all funds available at that time (~ $3600; a … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
my husband and I are considering closing and taking ...
my husband and I are considering closing and taking distribution on his Roth IRA that currently has about $29,000 in it. The money that was used as an investment in this fund was money from a prior 40… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I contributed $5,000 to my traditional IRA for the Tax year
I contributed $5,000 to my traditional IRA for the Tax year 2007, but later realized that I should have contributed it to my Roth IRA for the year 2007. If I transfer it now from Traditional to Roth w… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I would like to liquidate my Roth IRA. What are the tax ...
I would like to liquidate my Roth IRA. What are the tax consequences of this action (early withdrawl penalty, etc.)? I haven't made much money on it yet so I don't think it would be extremely negative… read more
Zhicheng Lai
Zhicheng Lai
Master Degree
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