Roth IRA, Traditional IRA, 401K » decide

What decide which bracket the traditional IRA will be taxed on at distribution?

admin — Thu, 22 Apr 2010 20:12:50 +0000

I know it’s taxed when you get the money from traditional IRA, but is it taxed on your current income bracket or the amount of money you take out?

say you retire earlier and sell your biz.. so you pay no income tax, then even if you take out your IRA early, pay 10% penalty, do you still pay income tax on the money?

Roth IRA question. Close to the income limits. How to decide on monthly contributions.?

admin — Mon, 01 Mar 2010 16:55:34 +0000

My wife and I have Roth IRA’s. We’re close to the income limits. I would like to setup a monthly contribution rate, but I don’t know if I will over contribute because of year end bonuses.

Should I contribute once, at the end of each year (I know I’ll miss out on the interest)?

I also read about being able to contribute some into a roth and some into a traditional IRA. If anyone can clear this up it would be helpful.

Either way, what would happen if I over contribute?

Thank you.

What happens to my 401k plan if I decide to leave USA and go back to Indonesia?

admin — Fri, 27 Nov 2009 18:49:53 +0000

What happens to my 401k plan if I decide to leave USA and go back to Indonesia. I have my 401k plan for about 5 yrs. What are the consequences and how should I save from getting penalised ? I am resident in USA and 35 yrs of age.