Apr 12

What if withdrawals from IRAs and 401Ks were made TAX EXEMPT and fee free temporarily to help the economy?

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Then people could use their own money to make ends meet, cover expenses after unemployment runs out or transfer funds from losing mutual funds to pay down high interest credit cards and 2nd mortgages.

They always talk about our money… we’ll it’s mine and I need it NOW!!!

Yes, I know this would be like a run on the bank, but they don’t deserve to be trusted with our savings any more !!!!!!!!!!!!!!!!

Apr 9

Is it possible to withdraw 5K from 2 separate IRA accounts for 1st time home buying ?

IRA buying, from, home, Iras, separate, time, Withdrawal

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I have two different IRA accounts with over 5K in each one. Is it possible for me to withdraw $5K from each account or should I consolidate them first then withdraw $10K ?

Apr 7

Do you think people should have the option to opt out of Socal Security and instead invest in 401Ks and IRAs?

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Now that we are reaching a critical mass of having a future of more people drawing it than paying in, wouldn’t it be a good way to keep the program from collapsing?
And they could enforce it by charging a huge tax penalty to anyone who opted out and did not invest in their retirement.

Apr 6

How are your IRAs taxed when you die and you inherit them to your heirs?

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Apr 2

Are IRAs and other retirement plans protected from collection agencies?

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Mar 31

Is there any way to withdraw IRAs to buy real estate?

IRA buy, Iras, real estate, withdraw

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without having to pay taxes?

It would be a great way to improve our real estate market!

Mar 26

Could the restrictions on IRAs be lifted as a means to replicate the fair tax or flat tax?

IRA Could, fair, flat, Iras, lifted, means, replicate, restrictions

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Mar 21

What is the age limit for IRAs contributions?

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Hi. I heard somewhere that you can contribute to IRAs until you are 70,5 years of age.Is this true? If yes, what is the maximum you can contribute to the IRAs?Thank you.

Mar 13

What are IRA trustee’s fees? How can I deduct my IRAs from my taxes?

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What is the way for me to file it on a H&R Block DeductionPro?

Mar 7

When can I retire if I invest in two IRAs?

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I’m going to be 20 and have Simple and Roth Itas established.Out of my money, about 6% goes to the simple and about 3% goes to the Roth. All of this is done throu the adviser. How well off will I be and at what age I will be able to retire?

Roth IRA, Traditional IRA, 401K