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I am 63 and still working full time. My wife is 62, retired,
I am 63 and still working full time. My wife is 62, retired, and about to start her SS benefit. We both have defined benefit pensions. Hers from The California State University system. Mine, at 65, fr… read more
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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
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Roth IRA. I have a very specific question about excess
Roth IRA. I have a very specific question about excess contributions to a Roth IRA. I am a tax preparer. My client made a Roth IRA contribution for 2016 in April of 2017. It then turned out that his i… read more
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My wife stopped working at the end of June of this year. I
Hi. My wife stopped working at the end of June of this year. I have an individual Roth IRA. Neither of us have W-2 income. Can I still contribute some of my available cash to my Roth up to the $6500 m… read more
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Our 2016 MAGI was $208k. I am 58 years old, filing jointly
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LEV
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I am a self employed 1099-MISC income earner and contribute
I am a self employed 1099-MISC income earner and contribute to an IRA each year. I am 57 and my wife is 48. My wife went back to work this year in September. She is a part time teacher and earns a sma… read more
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In 2016 we consolidated some of my wifes retirement
in 2016 we consolidated some of my wifes retirement accounts. We transferred $13,000 from a SEP IRA account into an existing Roth IRA account. We had intended to transfer into an existing solo 401K ac… read more
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I was 70 1/2 years old in August 2015. I am still working.
I was 70 1/2 years old in August 2015. I am still working. Every year I make the maximum contribution to an IRA. I hear that I need to start taking distributions soon. When do I need to do that? What … read more
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I am retiring and have been given the opportunity to invest
I am retiring and have been given the opportunity to invest a lump sum into a 401A annuity that pays out at 9.5% which will be added to my pension monthly income. I was told that they will separate th… read more
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tax question when i turn 70 in 1 1/2 its my understanding
tax question when i turn 70 in 1 1/2 its my understanding i have to take some payment from my 401 and roth ira. how much do i have to take each year . i have about 300K/yr income from other investment… read more
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I am married, and together, my wife and I earn over $300k a
I am married, and together, my wife and I earn over $300k a year. However, we recently heard that the income limits for rolling an IRA over to a ROTH IRA have been removed. We realize the initial fund… read more
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My wife is 70 years old is receiving Social Security. She
My wife is 70 years old is receiving Social Security. She was also working 32 hrs. per week up until March 1st,2012,when the Museum and store where she worked closed. [ For good] She has a small SEP I… read more
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I am receiving a union pension and social security. Can I open
I am receiving a union pension and social security. Can I open a Roth IRA for myself. What is the income limit for a married couple filing a joint tax return?… read more
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We are a married couple in Texas filing jointly, and we are
We are a married couple in Texas filing jointly, and we are both over 55. I have a 401K plan where I am working which I have some money in, but I am not contributing to the plan at this time. I do not… read more
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This question is to CPA. My sister is 75 years old,single
This question is to CPA. My sister is 75 years old,single and still working. She make little over $10,000 a year. If she open Roth IRA for 2010 and 2011 to maximum amount, can she take money out for 5… read more
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In 2009 my wife and I made less than $150,000.00 and we will
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I am a traveling salesman and I will be 75 in Oct 2010. I have
I am a traveling salesman and I will be 75 in Oct 2010. I have a 401k and like most people took a beating last year. Now I can't afford to retire. I plan to keep working next year and possibly beyond.… read more
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My 82 year old father has a friend doing his bookkeeping ...
My 82 year old father has a friend doing his bookkeeping for him. I am concerned about this person not telling the whole story about my father's finances. I takes withdrawals from his IRA, which I am … read more
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