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Is a Roth IRA and an IRA worthwhile to have for tax
Is a Roth IRA and an IRA worthwhile to have for tax purposes? What are the thresholds in income?… read more
Barbara
Barbara
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I lost 100,000 dollars in a roth ira in 2018 and can't find
I lost 100,000 dollars in a roth ira in 2018 and can't find out if this lose can be used to off set any gains I have. Can you help me with this problem. Thanks *****: Have you talked to a tax professi… read more
Lev
Lev
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I am thinking of cashing in my Roth IRA's but not sure if I
I am thinking of cashing in my Roth IRA's but not sure if I will get penalized … read more
Barbara
Barbara
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I inherited a traditional IRA and am I high income
I inherited a traditional IRA and am I high income professional. Do I need to convert this to something else since I earn above the limit for a traditional IRA?… read more
Lev
Lev
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I withdrew, after five years, tax paid, a Roth IRA (set up
I withdrew, after five years, tax paid, a Roth IRA (set up in 2011, it was valued at 29,109.96. When withdrawn, it was only $23,465.04. Do I get a deduction on 2016 taxes for this loss? … read more
Lev
Lev
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Im a 66 years old male receiving full ss benefit. If I earn
Im a 66 years old male receiving full ss benefit. If I earn more from other sources, 1. how will it effect my ss benefit? 2. How will it effect my taxes 3. How will it effect my medicare benefit? 4. H… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I live in VA and have about just refinanced my house out of
I live in VA and have about just refinanced my house out of a 6.25 % to a 3.75%, owe 2-3k in credit card debt, have a 25k student loan, 90k in the bank........I am going to open (2) VA 529s for their … read more
Robin D.
Robin D.
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Since I retired in 2014 I have been receiving a monthly
Since I retired in 2014 I have been receiving a monthly retirement annuity. In addition, I do contract work that I have been paying estimated taxes on. I'm making between $3000-$5000 per month (except… read more
Lev
Lev
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Is there a way to legally reduce my adjusted gross income?
Is there a way to legally reduce my adjusted gross income? Apparently, I just barely exceeded the maximum adjusted gross income that would allow me to contribute to my IRA last year. Is there a way to… read more
Lev
Lev
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I'm aware that there are certain exceptions for reducing the
I'm aware that there are certain exceptions for reducing the penalty amount applied to a 401k early withdrawal, i.e. withdrawing funds for a first time home purchase and higher education costs (which … read more
Phillip B, EA
Phillip B, EA
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I am 54 and took a lump sum payment on my Roth IRA the original
I am 54 and took a lump sum payment on my Roth IRA the original investment in 2000 was involing 2 accounts for $2,000/each and the lump sum was about $1640./each whdih indicates a loss. I did not incl… read more
Lev
Lev
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Tax question I am self employed (DBA) and I need to start
Tax question: I am self employed (DBA) and I need to start planning for my retirement. I have no employees. My insurance agent wants to "sell" me either a Traditional or Roth IRA--I don't think it mak… read more
Lev
Lev
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Can I rollover a nonqualified deferred compensation account
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Robin D.
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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
CGCPA
CGCPA
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I am a 75 year old person with a traditional ira which i would
I am a 75 year old person with a traditional ira which i would like to convert to a Roth ira. I have no wage income, only ss and a pension plus earned income from investments. I have been told that th… read more
Bill
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Master's Degree
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On a roth ira inheritance does the income level of the beneficiary
On a roth ira inheritance does the income level of the beneficiary affect the amount of taxes ie. income, inheritance, probate...that would have to be paid?… read more
Merlo
Merlo
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I want to rollover some money from a 401k to a roth IRA and
I want to rollover some money from a 401k to a roth IRA and need guidance on the details of what is permitted by the IRS. Is this something i can get help with here?… read more
Ed Johnson
Ed Johnson
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Have the adjusted gross income categories for IRA contributions
Have the adjusted gross income categories for IRA contributions changed from 2007 to 2008?… read more
jgordosea
jgordosea
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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