Roth IRA, Traditional IRA, 401K » 401Ks http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 What if withdrawals from IRAs and 401Ks were made TAX EXEMPT and fee free temporarily to help the economy? http://www.iraroth.net/2010/04/what-if-withdrawals-from-iras-and-401ks-were-made-tax-exempt-and-fee-free-temporarily-to-help-the-economy/ http://www.iraroth.net/2010/04/what-if-withdrawals-from-iras-and-401ks-were-made-tax-exempt-and-fee-free-temporarily-to-help-the-economy/#comments Mon, 12 Apr 2010 16:23:45 +0000 admin http://www.iraroth.net/2010/04/what-if-withdrawals-from-iras-and-401ks-were-made-tax-exempt-and-fee-free-temporarily-to-help-the-economy/ 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 !!!!!!!!!!!!!!!!

]]> http://www.iraroth.net/2010/04/what-if-withdrawals-from-iras-and-401ks-were-made-tax-exempt-and-fee-free-temporarily-to-help-the-economy/feed/ 5 Do you think people should have the option to opt out of Socal Security and instead invest in 401Ks and IRAs? http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/ http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/#comments Wed, 07 Apr 2010 19:48:42 +0000 admin http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/ 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.

]]> http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/feed/ 10 Traditional IRA and 401K? http://www.iraroth.net/2010/03/traditional-ira-and-401k/ http://www.iraroth.net/2010/03/traditional-ira-and-401k/#comments Tue, 23 Mar 2010 20:02:53 +0000 admin http://www.iraroth.net/2010/03/401ks-and-traditional-iras/ I maxed out my 401K account. Is there any way for me to contribute to the Traditional IRA for the same year and for my contributions to be tax deductable? Thanks in advance.

]]> http://www.iraroth.net/2010/03/traditional-ira-and-401k/feed/ 5 I would like to begin (or increase) my savings for retirement. What types of retirement plans (401ks, IRAs? http://www.iraroth.net/2010/02/i-would-like-to-begin-or-increase-my-savings-for-retirement-what-types-of-retirement-plans-401ks-iras/ http://www.iraroth.net/2010/02/i-would-like-to-begin-or-increase-my-savings-for-retirement-what-types-of-retirement-plans-401ks-iras/#comments Sun, 28 Feb 2010 16:32:54 +0000 admin http://www.iraroth.net/2010/02/i-would-like-to-begin-or-increase-my-savings-for-retirement-what-types-of-retirement-plans-401ks-iras/ ect.) might be best for my personal situation? Could someone explain the plan that is more important and why this plan is best for me.

]]> http://www.iraroth.net/2010/02/i-would-like-to-begin-or-increase-my-savings-for-retirement-what-types-of-retirement-plans-401ks-iras/feed/ 5 Starting in 2008, how will 401Ks rolled over into ROTH IRAs be taxed? http://www.iraroth.net/2010/02/starting-in-2008-how-will-401ks-rolled-over-into-roth-iras-be-taxed/ http://www.iraroth.net/2010/02/starting-in-2008-how-will-401ks-rolled-over-into-roth-iras-be-taxed/#comments Sat, 27 Feb 2010 22:33:53 +0000 admin http://www.iraroth.net/2010/02/starting-in-2008-how-will-401ks-rolled-over-into-roth-iras-be-taxed/ I know that starting next yr, it will be possible to roll those 401K accounts eligible for rollover into an IRA to be rolled directly into a Roth IRA. If 100K is rolled over from a 401K to a ROTH IRA in 2008, will all 100K be taxed in 2008.

]]> http://www.iraroth.net/2010/02/starting-in-2008-how-will-401ks-rolled-over-into-roth-iras-be-taxed/feed/ 2 Why are people so hung over their 401ks and IRAs during this economic turmoil, especially young people? http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/ http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/#comments Thu, 18 Feb 2010 04:08:06 +0000 admin http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/ Aren’t they just paper losses? When the market recovers later on, won’t they recover their “paper losses” sometime in the future? I don’t understand this. Can someone please explain it to me. I figure it’s not a loss unless they cashed out of their programs and actually “realized” their losses.

]]> http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/feed/ 6 Does the $5K maximum IRA contribution apply to Roth IRAs only? Does it also apply to employer-sponsored 401Ks? http://www.iraroth.net/2010/01/does-the-5k-maximum-ira-contribution-apply-to-roth-iras-only-does-it-also-apply-to-employer-sponsored-401ks/ http://www.iraroth.net/2010/01/does-the-5k-maximum-ira-contribution-apply-to-roth-iras-only-does-it-also-apply-to-employer-sponsored-401ks/#comments Thu, 28 Jan 2010 00:27:12 +0000 admin http://www.iraroth.net/2010/01/does-the-5k-maximum-ira-contribution-apply-to-roth-iras-only-does-it-also-apply-to-employer-sponsored-401ks/ Is there a maximum contribution amount for employer-sponsored 401K plans? Does your total combined IRA contribution for ’08 (that’s Roth IRA plus 401K) have to be $5,000 or less?

]]> http://www.iraroth.net/2010/01/does-the-5k-maximum-ira-contribution-apply-to-roth-iras-only-does-it-also-apply-to-employer-sponsored-401ks/feed/ 2