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I owe about $1,600 federal tax this year. Is there an
Hi. I owe about $1,600 federal tax this year. Is there an opportunity to pay that $1,600 into a Roth IRA instead of just sending directly to the government by opening the ROTH today? … read more
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Bill
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I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
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Bill
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I know taxes and 401K/IRA is somewhat complex topic, but I'm
I know taxes and 401K/IRA is somewhat complex topic, but I'm trying my best to keep things simple when it comes to my meager retirement fund. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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I am 72 and am taking a part time job which would put me
I am 72 and am taking a part time job which would put me over the 32,000 adj gross income and make half of my joint social security income taxable. Can I put some income into a Roth ira to reduce my a… read more
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Retired May 2014 at age 65+. Received wages of approx 25K
Retired May 2014 at age 65+. Received wages of approx 25K and SS Benefits of approx 16500 for that year. Please advise what ss benefits are taxable for the tax year 2014. Thank you.… read more
Lane
Lane
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Hello- Im trying to figure out a tax question. I have a: •
Hello- I'm trying to figure out a tax question. I have a: • ***** *****cock 401k: $182,000 • eTrade Roth IRA: $9,000 Question: I'm thinking of rolling over my ***** *****cock 401k into an IRA (I no lo… read more
Lev
Lev
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Roth IRA and whole life insurance policy have been suggested
Roth IRA and whole life insurance policy have been suggested to me as top investments to lower my tax liability. I am 59 years old, have a mortgage to pay, working full time on a salary that brings in… read more
Lev
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I NEED SOME ADVICE ON MY IRA ACCOUNT I HAVE A TRADITIONAL IRA
I NEED SOME ADVICE ON MY IRA ACCOUNT I HAVE A TRADITIONAL IRA BUT WOULD LIKE TO KNOW THE ADVANTAGES AND DISADVANTAGES OF PUTTING IT INTO A ROTH IRA INSTEAD AND ALSO IF I CAN CONTRIBUTE TO IT IF I WAS … read more
geedubya55
geedubya55
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I am retired. In 2010 I rolled over an 15 years old IRA to
I am retired. In 2010 I rolled over an 15 years old IRA to a Roth IRA. Never took any distributions from the IRA. Filed 2010 return advising I would split 1/2 to 2011 retun and 1/2 to 2012 retun. QUES… read more
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I am in an S Corp with one other partner. We have $40K that
I am in an S Corp with one other partner. We have $40K that we would like to use up before the month is over. We are a 20/80 partnership, with me being the 20% partner. We know we can take this as div… read more
CGCPA
CGCPA
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Which would be better for me I will be 56 in 2011. I would
Which would be better for me? I will be 56 in 2011. I would like to know which would be the best way to make my 2011 "IRA" contribution. This year I will make around $18,000 in Self-employeed Income (… read more
Bill
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My husband and I are retiring in a few months. He has a 401k
My husband and I are retiring in a few months. He has a 401k that we've been making contributions to. We are trying to understand what we need to do to retrieve the funds from the 401k, withdraw a por… read more
Merlo
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I am 67 senior citizen and am collecting Social Security Benefit
I am 67 senior citizen and am collecting Social Security Benefit aboout 2,500.00/month. I am still working full time and contribute 22,000.00/yearly into my 401K. At this time, my 401K worth about 125… read more
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My husband and I are retired (age 66 and 64, respectively)
My husband and I are retired (age 66 and 64, respectively) and we have our retirement money in an IRA qualified CD. Can we take money from this CD to buy a second home? As soon as we sell our present … read more
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For an annual after tax IRA contribution (exceed income limit
For an annual after tax IRA contribution (exceed income limit for deduction), I typically do not record in my tax filing. For a conversion to Roth IRA, how do I prove that this money has already been … read more
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If my husband dies and I put what is left over in the IRA will
If my husband dies and I put what is left over in the IRA will I have to pay tax on ot when I withdraw?… read more
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Merlo
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withdrawn around $15,000 this year from IRA to supplement retirement
withdrawn around $15,000 this year from IRA to supplement retirement income. will this be included as income and taxed?… read more
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Are there any investment idea drawing early social security ...
Are there any investment idea drawing early social security benefit at age 62 and avoid taxes, even if most of the benefit amount is taxable?… read more
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