Roth IRA, Traditional IRA, 401K » time 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 Q&A: Can I contribute to individual roth ira and 401k roth ira at the same time ? http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/ http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/#comments Tue, 16 Aug 2011 18:44:24 +0000 admin http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/ Question by tax_question: Can I contribute to individual roth ira and 401k roth ira at the same time ?
I’ve contributed the maximum allowed for the 401k roth ira ($ 15500). Can I contribute another ($ 4500-$ 5500?) to an individual roth ira account? Or any other individual ira account in the same year?

Best answer:

Answer by QandA
Yes, I think the roth ira contribution is 4000. There is an income limit, so as long as you don’t make more than the limit you can

Know better? Leave your own answer in the comments!

]]> http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/feed/ 4 Is it possible to withdraw 5K from 2 separate IRA accounts for 1st time home buying ? http://www.iraroth.net/2010/04/can-i-do-5k-withdrawal-from-2-separate-iras-for-1st-time-home-buying/ http://www.iraroth.net/2010/04/can-i-do-5k-withdrawal-from-2-separate-iras-for-1st-time-home-buying/#comments Fri, 09 Apr 2010 19:23:55 +0000 admin http://www.iraroth.net/2010/04/can-i-do-5k-withdrawal-from-2-separate-iras-for-1st-time-home-buying/ 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 ?

]]> http://www.iraroth.net/2010/04/can-i-do-5k-withdrawal-from-2-separate-iras-for-1st-time-home-buying/feed/ 1 How many IRAs can I have at one time? http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/ http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comments Thu, 28 Jan 2010 21:19:42 +0000 admin http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/ I’m finally able to quit my job because I’m fully vested in the stock option plan. The amount of money it’s worth, assuming the $4000 annual investment limit on IRAs, would fund several of them. How many of the things can I have at once?

I’m nowhere near retirement age, so forget an annuity.

My main goal is to cash out some of the money so I can pay off a bunch of my debt and make my first house purchase more affordable. If there’s any other method to do so without incuring a bunch of penalities, I’d be happy to hear them.

]]> http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/feed/ 5 What is the minimum time it takes IRAS to map the total sky? http://www.iraroth.net/2010/01/what-is-the-minimum-time-it-takes-iras-to-map-the-total-sky/ http://www.iraroth.net/2010/01/what-is-the-minimum-time-it-takes-iras-to-map-the-total-sky/#comments Sun, 24 Jan 2010 19:09:10 +0000 admin http://www.iraroth.net/2010/01/what-is-the-minimum-time-it-takes-iras-to-map-the-total-sky/ Could someone please help me solving this question?

“The IRAS instrument has a field of view of 1 degree. What is the minimum time it takes IRAS to map the total sky, neglecting the yearly variation of the angle between sun vector and equatorial plane?”

]]> http://www.iraroth.net/2010/01/what-is-the-minimum-time-it-takes-iras-to-map-the-total-sky/feed/ 1 Roth Ira ownership for disabled and regular Ira at same time ? http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/ http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/#comments Mon, 28 Dec 2009 11:43:38 +0000 admin http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/ Suppose I open an roth Ira 23% yield, Can I put money into a traditional ira at 23% then roll it into the roth? what are the rules for conversion?

]]> http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/feed/ 1 Are contributions to 401k prorated from the time you start work? http://www.iraroth.net/2009/12/are-contributions-to-401k-prorated-from-the-time-you-start-work/ http://www.iraroth.net/2009/12/are-contributions-to-401k-prorated-from-the-time-you-start-work/#comments Sat, 05 Dec 2009 22:24:08 +0000 admin http://www.iraroth.net/2009/12/are-contributions-to-401k-prorated-from-the-time-you-start-work/ I have two questions about my employer retirement 401k contributions.
1. The maximum I can put in is $15,500 for 2007. But I started in mid year. Is it prorated from the time I started? Example: I started on July 1, is the contribution $15,500/2 = $7,750.
2. My employer matching is 2:1 up to a maximum of 6% of salary. Example: $50,000 annual salary, employer contribution is $3,000. For every dollar I put in, they will put in $0.50. Is the employer matching of $3,000 included in the $15,500 which means the employee total amount invested is $12,500, or, is it $15,500 from employee plus $3,000 from employer which would equal $18,500. I think it’s the former but just want to check.
Thanks….

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