Roth IRA, Traditional IRA, 401K » husband 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 if my husband and i fully fund our Roth IRAs, how many years will it take us to reach our first million? http://www.iraroth.net/2010/04/if-my-husband-and-i-fully-fund-our-roth-iras-how-many-years-will-it-take-us-to-reach-our-first-million/ http://www.iraroth.net/2010/04/if-my-husband-and-i-fully-fund-our-roth-iras-how-many-years-will-it-take-us-to-reach-our-first-million/#comments Wed, 14 Apr 2010 21:48:45 +0000 admin http://www.iraroth.net/2010/04/if-my-husband-and-i-fully-fund-our-roth-iras-how-many-years-will-it-take-us-to-reach-our-first-million/ $5000 x 2 = $10,000 per year

assume they generate 12% interest

]]> http://www.iraroth.net/2010/04/if-my-husband-and-i-fully-fund-our-roth-iras-how-many-years-will-it-take-us-to-reach-our-first-million/feed/ 3 My husband and I have roth IRAs that orginally combined was 22,000 dollars but it has gone done to 18,000? http://www.iraroth.net/2010/02/my-husband-and-i-have-roth-iras-that-orginally-combined-was-22000-dollars-but-it-has-gone-done-to-18000/ http://www.iraroth.net/2010/02/my-husband-and-i-have-roth-iras-that-orginally-combined-was-22000-dollars-but-it-has-gone-done-to-18000/#comments Mon, 01 Feb 2010 12:38:58 +0000 admin http://www.iraroth.net/2010/02/my-husband-and-i-have-roth-iras-that-orginally-combined-was-22000-dollars-but-it-has-gone-done-to-18000/ so now my husband would like to withdraw all the funds, we will have our first child due in November and he said it would help with expenses and he thinks the IRA value will go down even more, we are 28 and 34 years old. What are the consequences of withdrawing the funds early. I know there be will be taxes, but how much should we expect to take home. 20,000 is the total original amount we put in.

]]> http://www.iraroth.net/2010/02/my-husband-and-i-have-roth-iras-that-orginally-combined-was-22000-dollars-but-it-has-gone-done-to-18000/feed/ 4 Can my husband and I both have separate Roth IRAs? http://www.iraroth.net/2010/01/can-my-husband-and-i-both-have-separate-roth-iras/ http://www.iraroth.net/2010/01/can-my-husband-and-i-both-have-separate-roth-iras/#comments Sun, 17 Jan 2010 19:40:01 +0000 admin http://www.iraroth.net/2010/01/can-my-husband-and-i-both-have-separate-roth-iras/ I have had a Roth IRA since I was 18 that I have been maxing out. My husband and I are both 21 right now, and we have not put his name on it because we would like to open up one for him in order to maximize future tax-free withdrawals.

Would we have to file separate tax returns for this to be legal? Is a person allowed to have more than one Roth IRA?

Thanks.

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