Roth IRA, Traditional IRA, 401K » IRA

Can I apply the basis on the regular ira to the converted 401k now that it’s an ira?

admin — Sun, 05 Jun 2011 16:36:10 +0000

I have a basis on a regular ira (A) and have converted a 401k into an another separate ira (B). I want to convert the former 401k (B) into a roth.
Can I apply the basis on the regular ira (A)to the converted 401k (B) now that it’s an ira?

Adding to an existing IRA after age 85‏

admin — Thu, 17 Feb 2011 22:53:40 +0000

Can my Mother add to an existing IRA of hers after age 85? Her IRA is making more interest than CD’s so we wondered if she could add to the IRA for a better return on interest? We realize she may have to have a yearly withdrawal, but wondered if she would still be ahead on interest.

I have lost track of my IRAs. How do I find them again?

admin — Thu, 27 May 2010 03:09:05 +0000

They are:regular and roth. They were started in different years.

if i am the beneficiary on my mom iras then do i have to go though a lawyer?

admin — Wed, 05 May 2010 19:37:50 +0000

my mom died and left me as the beneficiary on her ira and the funny thing is, is that she left me out of her will and gave everything i was going to get to my sons. now i get the money from the iras, i know that, but do those ira’s still have to go though the lawyer or can i just take them and cash them in?

Need more help with IRAs, I’m confused about which to pick?

admin — Tue, 04 May 2010 22:48:10 +0000

I asked a question earlier, but I’m still unsure as to which I should choose. Right now I’m 25, single and have a savings account. I’m looking into an IRA for retirement…thinking long term here(30+ years). My Credit Union offers both Traditional/Roth IRAs, and Tradtional/Roth CDs. I’ve read about the advantages and disadvantages to both types of IRAs but I’m nervous about picking the right one for my needs and the future. The pre-taxed Roth seems great, but what if I get married and we make over $160k?(With my current career path it may be possible) and I’ll likely be in a lower tax bracket upon retirement. Any suggestions?

How long did it take Congress after starting tax-free IRAs to tax them and how long will it take Congress to?

admin — Mon, 03 May 2010 13:06:09 +0000

tax our 401(k) retirement accounts and other retirement accounts into oblivion? Should we allow this and trust Congress to do what is best for us and the country, or should we take other action in our “democracy”?

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081007/REG/810079894

What happens to your debts, checking/savings account, stocks, and IRAs when you die?

admin — Thu, 29 Apr 2010 21:09:11 +0000

Since there are a lot of possible variables, here’s my situation. I’m not planning on dying, just trying to figure how much life insurance I should have and what I can do ahead of time.
Single. Live with both parents. No dependents.
10k student loans
10k ING savings
10k stocks
2k IRA
2k credit card debt
4k car in my name

So far I’ve learned on Sallie Mae.com that student loans are eligible for discharge upon death. Good reason not to pay them off when you have a nice 3% interest rate.
Now, I’d like my parents to be able to just take my car, savings/checking accounts (they have the same bank), Roth IRA, and stocks in the event of my death. How can I allow them to do that?
Which of my debts become null? And what accounts can they claim without any effort? What can I do to make things easier for them? Also, how do taxes come into effect.
I hope others may find your answers useful as well.
Sallie Mae website about loan discharge.

http://www.salliemae.com/after_graduation/manage_your_loans/borrower_responsibility/understanding/discharge.htm

what are the best variable Annuity IRAs?

admin — Wed, 28 Apr 2010 13:31:22 +0000

I would like the names, of theses plans and are they Guareented

Are our IRAs safe from confiscation in an Obama administration?

admin — Sat, 24 Apr 2010 19:22:50 +0000

Before you dems get too riled up, consider: FDR confiscated gold during the depression. He paid people with US dollars, which he promptly devalued:

http://www.fgmr.com/confiscation.htm

Facing a worsening liquidity crisis, do you worry that Obama would confiscate our retirement accounts, giving us a devalued promissory note in return?

As a US taxpayer, am I allowed to have multiple IRAs?

admin — Tue, 13 Apr 2010 20:48:11 +0000

Is there a downside to owning many IRA’s? Can I have a mixture of Roth and standard IRA’s? Is it permissible to have, say, 2 standard IRA’s and 3 Roth IRA’s each in different investments?