lordydordy42 asked:

11-12 years….what is the estimated amount that you would expect? I realize COMPLETELY that it is a crap shoot and NOTHING is guaranteed…but on the average assumption that his investment will grow what is your ballpark guess? Again, this is purely hypothetical and asking opinions ONLY. Thanks!

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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)

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Sheena U asked:

I know you can only put a certain amount in it? If so how much?

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1whowants2know asked:

I have a 401k from my former employment. My CPA says to turn into a traditional IRA and then over to a Roth IRA for tax benefits eventually. He suggest investing in a very low risk A bonds and 25% low risk stock.

His reasoning is we are only taxed now on the lower end of balance, but later as it grows will be beneficial to us then.

I am 52. I plan on using the funds after 59.5 yrs.

1. Is there always a fee connected with rolling over into an IRA — bank, cpa, etc.

2. Does this sound like a wise?

I am very conservative in my finances.
I have 150,000.00 to roll over. The fee to change to IRA is 3.5% = $5,000.00 the cost to change to Roth for taxes may will be substantial. We are both retired now. Our income will be the same so our tax bracket should not change much.
I meant to say those fees are to change from 40lK to Traditional IRA….

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ananan asked:

What can’t I put as much as I want if I am paying taxes on it anyway?

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sleepyduck asked:

I have a Roth IRA with WM (Washington Mutual) Financial Services since college. Since my intial deposit in June 2004, I’m not too happy with the performance, the Morningstar rating on my funds have dropped and I’ve been enticed by other companies such as Vanguard or Fidelity. Can I make this switch and will there be fees incurred? If I can move the existing balance to a new company, do I have to start over the “5-year” hold period required to withdraw with no 10% penalties or taxes for first-time home-buyers even though I’ve accumulated 3 years since my first deposit??

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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?

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JE asked:

I just wrote a question asking what the difference betwee the two are, but I would like to know which is better for me. I would like to invest in a Regular Roth IRA, but I don’t like dealing with the Financial Advisors who eat up my savings with commissions and fees. If I could get a regular Roth without losing a lot of money, I would do it, but I have about 10 years left before retirement. I have many term cds. I have seen Roth IRA Cds at my credit Union, but none of the Financial People their can tell me how the Roth Cds work…. I need to know exactly how they work and the benefits, so I can decide between investing in Roth Ira, Roth Ira Cd, or a regular Cd..
Thanks

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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 I convert?

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jbeck1234 asked:

are they asking me if i made any contributions prior to 2007? i have for the few years ive had an IRA but on the contrary I’m wondering, when im really old (e.g.year 2019)will i have to put down every single year i made a “transactions”? just seems like they wouldn’t ask such a tedious thing??

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