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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 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....
My wife, a part-time employee, has $3500 in a 401 K. The plan permitted contributions but no matching. The company she works for was purchased in mid-2008. The new company moved the 401 K of full time employees...
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.
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...
I have several 401Ks that I would like to combine into my Roth IRA, Can I do this with out penility?
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...
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...
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...
Is tax on amount of income that's deferred? or on income (interest, div) and capital gain/loss?
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....
My Company closed and I need to move my 401k to my new employer. My former employer only allowed up to a certain percentage of your income to be invested pretax but allowed post taxed monies to be invested beyond...
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 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...
Do I need to pay taxes
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?
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?
What are the rules in converting part of a regular ira to a roth ira in 2009
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?
Can all Roth IRA contributions be withdrawn tax and penalty free at any time or do certain restrictions apply?
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...
