My father is trying to pay for my sisters education.I know that we can withdraw money for college from Roth IRA.Is it the same for the Traditional?Any references are more than welcome.Thanks a lot!

I have Roth and Traditional IRA accounts and I exceeded my Roth limit, so I wanted to transfer some funds into my Traditional IRA account. Does anybody know if it is at all possible and if yes, what is the right way to do it?

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

I am allowed a $5000 Roth contribution. I want to take $2000 from my traditional IRA and convert it into an existing Roth IRA. Can I put in $5000 PLUS the $2000 conversion, or does the conversion limit my contribution to only 3000 additional dollars this year?

 

I have contributed the $4000 annual limit to my traditional IRA, and I just remembered that I also rolled over about $1500 from my last employers 401k plan. Will I be penalized for going over the annual limit?

I want to open a Roth IRA with Vanguard, but the minimum is three thousand, which I don’t currently have. If I were to open an IRA with Sharebuilder (or some other institution with lower minimums) would I later be able to transfer it to Vanguard without paying fees for cashing it out?

My husband wants to cash in two IRAs that are earning very low interest. He will use the money for buying a house to fix up for rental. Would it be best to do this or to take out the minimum amount and cash in regular CDs which have not matured?

Also, does the date the IRAs were purchased matter? Other smaller IRAs were combined with these about a year ago – could that be a problem?

Thanks for your help!

I will be collecting social security in a few years. How much can I take from my IRAS without effecting my social security?

Thanks.

For Required Minimum Distribution, Can I use only one traditional IRA instead of all several traditional IRAs? Thank you very much for answering the question.

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