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 recently changed jobs and will be rolling over my 401K from the past employer to either my roth ira or my traditional ira.
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...
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 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....
Had an IRA with Lincoln Life, transferred one half with local bank & kept this as an Ira in the bank, the remaining one half I used as cash. I am 76 years old, does this disqualify me from using Ira deduction?...
My IRA Advisor said that my new Well is tax deductable. I took money out of my IRA to pay for this new Well. Is what he says true?
My 11 year old son started rolling his eyes constantly yesterday. In a matter of minutes he may roll his eyes 5-6 times. Could this be a medical condition that needs attention?
WE INHERITED $37000 IN THE FORM OF AN IRA. THE IRA WERE REDEMMED. HOW DO I ACCOUNT FOR THE MONEY ON THE TAX FORM. I KNOW THE MONEY IS INCOME ,BUT WHAT KIND OF INCOME
If i withdrew money from ira in a bank and open ira in b bank will i have to pay tax?do i have 60 days to deposit money in another bank?
Can I use IRA distribution towards purchase of principal residence and have the interest earned deferred?
I had an IRA account transferred to me from my ex., (court ordered) I have requested that a portion of the funds be turned over to me @25,000, that was on 03/03/08, the company Lincoln Fidelity has yet to honor...
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...
Any advantage to dividend-producing, tax-free investment in an IRA (munis), that is already sheltered from taxes until distribution, or is the advantage for a taxable investment?
I withdrew money from my IRA during the month of July for a new home purchase. My consultant told me that since this purchase was for a first time purchase I would not be penalized. I informed my tax consultant...
I placed $2,000 in an IRA several years age. It was losing money. In 2007 I withdrew the whoe balance of $1,300. How do I report the withdrawal and Loss on my tax return.
My husband and I moved our retirement money from previous employers into IRA CD's when we moved to a new state. We received statements from the banks with total amount interest earned on said accounts. Do we...
Can I deduct a 6 month IRA on my 2008 tax return for federal and state and if so, what is the maximum deduction for married filing jointly?
My husband and I both cashed in a IRA. He is over 59. I am not. What forms do I need to fill out our income taxes.
If I took money from my IRA but then put it back in before sixty days, I understand that I do not have to pay taxes on that amount. What IRS form do I use to show that transaction?
What are the rules for converting a tradional ira into a stretch or inherted ira for grandchildren What is the amount that would have to be taken out for the minlinun distribution ? When the grandchildren...
I am a recipient of an ira from my sister's will. She died. I would like to roll this over to an ira in my bank. Can this be done? Thanks. MPH
Does Transamerica have IRA accounts for individuals. If so, what is the annual rate and is it compounded monthly?
I have made an over contribution to my Ira in the amount of $7000.00. I need to figure out the gain or loss amount made on this amount, in order to move the money to another account. How do I go about doing this....
I have heard you cannot use in a IRA because you can still end up paying a tax on profits. Would you please commit on this for me. Thankyou
Can a married man or woman designate an unrelated person as beneficiary of his/her IRA without spousal consent?
If withdrawal is made premature, can penalty be avoid by deposit the fund back to the ira account within 60 days.
I deposited after tax money into a IRA in 2006 and declared the IRA deposit on my 2006 tax return. Being I used that amount as a deduction on my taxes is this deposit considered part of a basis for this IRA?
