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Tag: Roth IRA

If someone invests $4000 into a Roth IRA and doesn’t contrtibute a single dime more for about?

5 September, 2010 (03:55) | Virginia | By: Frank

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! Metal Cleats & Metal Spikes

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 [...]

401k to Traditional IRA to Roth IRA costs and risk?

17 August, 2010 (11:00) | Direct | By: Frank

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 [...]

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

How do I move my Roth IRA at WM Financial Services to another one (eg. Vanguard, Fidelity or Scotttrade)?

12 August, 2010 (15:26) | dicia | By: Frank

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 [...]

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

Which is better–A Regular Roth IRA or a Roth IRA Term Cd?

8 August, 2010 (09:20) | two daughters | By: Frank

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 [...]

while doing my taxes HR Block online asks, Did you have any Roth IRA transactions in a year prior to 2007?

1 August, 2010 (15:15) | Other - Taxes | By: Frank

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 [...]

How does taxes impact a regular IRA and a Roth IRA?

1 August, 2010 (11:49) | TTC | By: Frank

isabella asked: Thank you! Win Money Gambling

Can I contribute to both a Roth IRA and a Roth 403(b)?

30 July, 2010 (14:41) | 18 years | By: Frank

Katherine asked: I’ve been contributing to my Roth IRA for a while. I have a new job with allows me to contribute to a Roth 403(b). Am I allowed to contribute to both of them at the full amount? (i.e. max out the $5000 contribution to the Roth IRA and max out the Roth 403(b) [...]