The 401K amount is $500K Can I pay the taxes out of the 401K money? Are there tax consequences i.e. my current tax rate is 11%. Is that what I would have to pay for taxes on the rollover? I expect my taxes...

I recently changed jobs and will be rolling over my 401K from the past employer to either my roth ira or my traditional ira.

I have several 401Ks that I would like to combine into my Roth IRA, Can I do this with out penility?

I am currently 22 years old and I am a full time nursing student. I will receive my BSN by Spring 2010. At the moment, I work as a server at a restaurant. My goal this year is to save up $5,000 so that I can invest...

I want to convert / rollover a 401K to a Roth IRA. How do you calculate the taxes? Are they due at time of conversion or when you file your tax return? Thank you!

I messed up and created a Roth Ira in April of this year. I found out that you have to have wages not retirement, interest, and social security. I only have $59.40 in wages from a company paid life insurance policy....

Can I convert the 401k money from my EX employer into a Roth IRA? Should I do this or convert it to a normal IRA?

I am going to be rolling over my current IRA and while reseaching a place to put them, I saw the Roth IRA. To have contributions with no taxes having to be paid, there are rules but I can't find the rules....

I was recently laid-off and my prospective employer doesn't currently offer a 401k (may in the near future). In addition to the above question, will the 401k rollover be considered part of the yearly IRA contribution...

The company I work for is being sold by our parent company. At this time I have a loan of $2230 outstanding, while paying $72 a month out of my paychecks. A friend told me she has done this, so I wanted to see...

Awarded | Answered 31 days ago by rjmcnicholas | Category: 401k Plans | 127 Views | Awarded to: darlemull

My wife has a new Simple IRA plan at work. We also have maximized a Roth IRA. We are each over 60 years old. What are her contribution limits with the rwo IRAs? Does contributing to one limit the contributions...

I'm considering converting some of my IRA funds over to a Roth IRA this year. I'm 62, semi-retired and won't have significant income this year. Would it be beneficial to pay tax now at a fairly low...

I am 54 years old. I wish to cash in my roth ira. What penalties or taxes will I pay?

How do I determine the basis for my roth after a partial distribution has been made?

I purchased a roth ira in 2006. It is now worth only 85% of the original purchase price. Can I withdraw the remaining principal without penalty although I am less than 59-1/2?

Will be 60 yrs old next month. Request maximum Roth IRA contribution allowed for years 2008, 2009 & 2010.

We want to use funds in a roth ira for closing costs on a house but need to leave them in the bank until after closing per the mortgage company, can i still withdrawl funds after closing with no penalty?

I am not eligible for my company's 401k until i've been employeed there for one year. Can I open a tax deferred traditional ira to substitute for a company-based 401k. I'm over 55 and already have a...

401k is from a past employer. I invested in the 401k post tax money. If I move the money to a regular IRA and then transfer the money from the IRA to a ROTH IRA I will taxed twice.

My husband and I went to a "free" seminar, and made an appointment to see a financial counsler. We have about 1,000,000. 00 total net worth. Ira (250,000. combined), 125,000.00 stocks , 450,000. in...

I opened a Roth IRA 11 years ago when I was single and my income was under the income limits. A year later and now 10 years ago, I married and have continued to contribute to the Roth account. We have filed our...

I own real estate(60% Trad. $0 Roth) Want to recoup the Roth for another investment and replace it with funds from another Traditional IRA account so that the entire real estate is 100% Traditional. Can it be...

If one converted a regular IRA to a ROTH IRA in 2007, the amount of the conversion is treated as ordinary income, which seems to limits the opportunity to receive a tax rebate. It seems this type of IRA conversion...

If you have a roth ira and your are 70 years of age, are their any penalties involved when you with draw funds

I have a Roth IRA account. I wanted to find out if I am able to withdraw just a portion of my initial contribution early. I have only had it for 1 year. My initial contribution was $5000.00. So far, I have only...

I am a 61 years old retiree receiving a pension and have no need to tap my IRA. If I wait till 70 1/2 to withdraw the Required Minimum Distribution, it will place me into a very high tax bracket. Over the next...

Can the company use my 401 k fund dispersment?

I have both after tax and pre tax money in a prior employer 401K. I would like to move the pre-tax money to an existing rollover IRA. Instead of moving the after tax money to a taxable brokerage account I want...

Is the full dollar amount of a traditional IRA conversion to a Roth IRA added onto to your AGI and fully taxable?