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I'm 75 and subject to annual RMD's from my traditional IRA.
I'm 75 and subject to annual RMD's from my traditional IRA. In looking a way to shelter the RMD amount if I were to reinvest it, I stumbled on the virtually unlimited IRA to Roth Conversion. My questi… read more
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If I am about to turn 70 and I have a Traditional IRA and a
Hi Pearl! If I am about to turn 70 and I have a Traditional IRA and a Roth IRA, can I take my RMD's from my Roth as opposed to my Traditional? I know that the Roth doesn't have required RMD's but I wa… read more
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What are your thoughts on converting a conventional IRA to a
What are your thoughts on converting a conventional IRA to a Roth IRA … read more
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Our 2016 MAGI was $208k. I am 58 years old, filing jointly
Our 2016 MAGI was $208k. I am 58 years old, filing jointly with my wife (teacher, age 56) My 2016 W2 (box 12 D) showed that I contributed to 401(k) $15,620. My employer matches 5% of my compensation (… read more
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We want to withdraw funds from investments. 1 account is a
We want to withdraw funds from investments. 1 account is a roth IRA The other is a regualr investment account. I am 66 years old I want to witdraw 7000. One avcount the Roth is making a lot more inter… read more
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I am 23 years old, and I would like to convert a traditional
I am 23 years old, and I would like to convert a traditional 401k plan from an internship I did over the summer into a Roth IRA. There is approximately $600 within the 401k plan that was contributed b… read more
Robin D.
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I started what was supposed to be a Roth IRA but was a regular
I started what was supposed to be a Roth IRA but was a regular IRA. The first five years I put a total $9000 in but paid taxes on the money. Now I am receiving the minimum distribution. How do keep fr… read more
Robin D.
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In 2014 I contributed the max $5500 to a Roth IRA thinking
In 2014 I contributed the max $5500 to a Roth IRA thinking I would make less than $100k year. It turns out I made $130k which disqualifies me IRA. Turbotax is advising me to take a distribution of the… read more
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my wife is dying with ALS and she has 12000 dollars in an IRA.
my wife is dying with ALS and she has 12000 dollars in an IRA. If I take it all out now which would total 17000 for this year would I pay capital Gains or any other penalties on all or any portion of … read more
abci168
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i have a 401 k account from my previous employer years ago
i have a 401 k account from my previous employer years ago in a bank. now i have another 401 k account with my next employer in another bank. and with the second bank, i also have a roth ira account. … read more
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Hello, I am interested in starting options trading, but have
Hello, I am interested in starting options trading, but have a concern about the tax implications of doing so. Hypothetically, let's say that I have a string of successful options trades (leaving out … read more
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For the 2012 Tax year is the $1500 Tax Credit avaliable for
For the 2012 Tax year is the $1500 Tax Credit avaliable for purchasing a IRA? And, would it be best to buy a Roth or Traditional IRA for this purpose?… read more
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Hi Bill, My question is related to early withdrawal fee
Hi Bill, My question is related to early withdrawal fee on my traditional IRA which I rolled over from my 401k per your advice. Based on the exemptions that we discussed earlier, is there a caveat? I … read more
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I was told by a H and R Block tax preparer that I should be
I was told by a H and R Block tax preparer that I should be in a traditional IRA until 5 yrs prior to retiring. Would it benefit me to switch from a Roth to a traditional so that I can deduct my contr… read more
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I took $10,000 from my Roth IRA to replace the well at my paid
I took $10,000 from my Roth IRA to replace the well at my paid for home, which is also where my business is, in a separate building. I contributed $0 for the past 10 years. I make $80K. How much is th… read more
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I have a 401k, including a traditional (about $150k) and roth
I have a 401k, including a traditional (about $150k) and roth section(about $50k), from the previous employer. The assets are reported as a lump sum to me by the management company, but they says they… read more
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I have a Roth IRA account, in 2004 worth about $9000.I had ...
I have a Roth IRA account, in 2004 worth about $9000.I had it for about 3 years. Because the change in our income level, we heard we can not contribute to RothIRA and get tax rebate. So we changed it … read more
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For the year 2005, if I contribute $4000 to my traditional ...
For the year 2005, if I contribute $4000 to my traditional IRA account, can I still contribute $4000 to my Roth IRA account?… read more
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