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Category: United States

I put 4,000 into a Roth IRA, I know that I’m paying taxes on the 4,000 now. what do I pay taxes in the future?

31 August, 2010 (22:51) | United States | By: Frank

thecelldepot asked: Since I know that a Roth is Post Tax, When I retire at 65, will I pay tax on the Capital Gains? Or will that be tax-free? (ex. My 4,000 has turned into 10,000, will I then have to pay taxes on the 6,000 when I withdraw in the future) Forex Formulas, Invest [...]

Why there is a limit on how much can you put on Roth IRA if it is not tax deductible anyway?

13 August, 2010 (01:06) | United States | By: Frank

ananan asked: What can’t I put as much as I want if I am paying taxes on it anyway? Pay Day Loans

Does IRA basis include Roth-IRA and non-deductible Traditonal IRAs?

11 August, 2010 (19:59) | United States | By: Frank

AL asked: Over the years I have contributed to traditional non-deductible IRAs as well as ROTH-IRAs. When reporting the IRA basis, do I include contributions for both or only the traditional IRA? Gambling Secrets Revealed! Win Money

Roth IRA Conversion, Tax bracket Jump?

6 August, 2010 (09:38) | United States | By: Frank

MtN_BkR asked: I make 63500 k and I have 39000 in an IRA that I would like to convert it to a Roth. My taxable income was 33056 this year and I will get about a 3% raise. I don’t want to have the conversion bump me up to higher tax bracket. How much can [...]

Can a Federal thrift retirement plan be transferred into a Roth IRA ? If so what would be the best way tax?

28 July, 2010 (08:32) | United States | By: Frank

jbrom72000 asked: If the transfer is possible,tax wise, how would one go about it with the least tax consequences.My thinking is ,I will have to pay taxes anyhow, why not pay them now put what remain into a Roth to grow while stock are down …and maybe leave some to heirs after I die . [...]

Roth IRA interest taxable?

24 June, 2010 (17:38) | United States | By: Frank

gitar_fool asked: I know you have to file interest earned on investments, but does this include interest earned on a Roth IRA? Also, I’m in grad school. What is the Lifelong learning credit? Forex Formulas, Invest Now!

What is the stage before the IPO stage when a COMPANY is just formulating & request family & friends to invest?

12 June, 2010 (22:10) | United States | By: Frank

Sookie asked: What is the stage before the IPO stage when a COMPANY is just formulating & request family & friends to invest? Before the IPO = Initial Public Offering stage

how does roth ira grow?

26 May, 2010 (06:38) | United States | By: Frank

SAETEURN asked: Hi i have a roth ira account thats been opened for almost a year and havent contribute alot in it but i am planning to soon. my question is how does a roth ira grow? can it grow by me just contributing money in there without investing in stocks,bonds or mutual funds? or [...]

How do I report a mutual fund that was rolled over to buy more mutual funds?

15 May, 2010 (04:41) | United States | By: Frank

Leela asked: I started out with two mutual funds. When I transferred them to a new investment company those two funds were used to buy three new mutual funds. This year I sold all three funds. I’m using turbo tax and I understand how to report the three I sold but I really lost on [...]

Can a grandparent deduct contributions to a 529 plan for state taxes?

7 May, 2010 (15:57) | United States | By: Frank

engrdadsc asked: I set up a 529 college savings plan for each of my two daughters. I decided on the South Carolina Future Scholar Direct Sold plan due to low fees and state tax deduction for contributions. My question is this: If my parents (children’s grandparents) contribute to the plan that I set up, can [...]