Comments for Roth IRA Help

Comment on Roth IRA Facts by American Mutual Funds?

American Mutual Funds? — Tue, 16 Mar 2010 09:39:05 +0000

[...] Roth IRA Facts – History and Advantages of Roth IRAs | Roth IRA Help [...]

Comment on 401k Rollover to an IRA by Carol

Carol — Sun, 14 Feb 2010 01:50:04 +0000

I really love Roths because it takes some of the guess work out of the withdrawal phase of retirement. It’s just cleaner, knowing that the money’s already been taxed.

Comment on Traditional vs. Roth IRA – Benefits and Drawbacks by David

David — Thu, 11 Feb 2010 02:23:33 +0000

Eric, if you paid expenses for higher education during that year, part (or all) of the distribution may not be subject to the 10% additional tax.

But if the distribution you took is considered a “non-qualified” one, it may be subject to the 10% additional tax.

Qualified education expenses include: books, tuition fees and supplies.

Comment on 401k Rollover to an IRA by Britt (Your Roth IRA)

Britt (Your Roth IRA) — Tue, 09 Feb 2010 19:56:38 +0000

Your article is right on the money! Especially when it comes to an old 401k being eaten away with fees. If it weren’t for company matching policies, I’m not sure I would recommend EVER putting money into a 401k. Why? Most of the management fees are far more expensive than simple index funds you can get on your own. So you’re better off putting your money in a Roth IRA or Traditional IRA, while investing in something with lower expense ratios than the traditional 401k policy will offer.

Comment on Traditional vs. Roth IRA – Benefits and Drawbacks by Eric Zinck

Eric Zinck — Sat, 30 Jan 2010 22:10:52 +0000

At age 36, I went back to school, 2nd degree. I withdrew 4,500 out of my roth IRA afte it was in since 2002- (seven years) my tax person tells me it is coming up as taxable? I am waiting for a 1099-R form in the mail from the company (edward jones) to show my original contribtion of 5,000 back in 2002.

Is this taxable? I have already paid the tax on a roth IRA conrtibution. My finacial advisor says it’s not taxable while my tax acounted is not sure, and her computer is saying it is (for now?) at least until the 1099-r arrives Feb 15th?

What do say?

Thank you, Eric

Comment on Roth IRA Conversion- What You Should Know by William Burke

William Burke — Wed, 20 Jan 2010 22:34:03 +0000

If you convert your regular IRA to a Roth IRA and you are older than 59.5 and you have had money in the regular IRA for more tha 5 years, do you have to wait another 5 years after the conversion to the Roth IRA before you can get your money out of the Roth IRA?

Presumably your regular IRA has been growing such that not all of the money in the regular IRA has been in the IRA for 5 years. If you could remove money from the Roth IRA immediately after conversion from the regular IRA. how would you determine how much of it could be with drawn?

Comment on Roth IRA Conversion- What You Should Know by Amy Bluth

Amy Bluth — Wed, 06 Jan 2010 16:50:36 +0000

NDH Group, Ltd. of Chicago recently released “RothCalc2010” for the iPhone. RothCalc2010 will help you determine whether to convert your traditional IRA to a Roth today, you can find it at the Apple App Store.

Comment on IRA Contribution Limits- What You Should Know by Leslie Woltern

Leslie Woltern — Sun, 27 Dec 2009 00:27:23 +0000

This may sound crazy but I would consider other investment options too, mainly hard assets such as gold, even real estate and land. It’s only matter of time before inflation starts gong up and hence lower the value of any cash investments.

Here’s a link with good Roth IRA informations (basic do’s and don’ts, what to stay away from, etc):

http://www.rothirarules.net

Comment on 401K vs. IRA- Understanding Investments by Leslie Woltern

Leslie Woltern — Tue, 22 Dec 2009 02:04:21 +0000

I don’t think 401K or even Roth IRA is a good investment vehicle in these market conditions. It’s only a matter of time before inflation starts to creep up. I would consider hard assets such as land, gold, even real estate at least right now.

Here’s some more information on Roth IRA if you want more in-depth info :

http://www.rothirarules.net

Cheers!

Comment on Important Years For Retirement Planning by Harry Swift

Harry Swift — Mon, 16 Nov 2009 08:13:36 +0000

Interest have a great demand in the market.