0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Are there any online retirement or IRA calculators that are free for use?
“Are there any online retirement or IRA calculators that are free for use?” are there any online retirement or IRA calculators that are free for use?
What is fund utilization in banking system?
Fund utilization is when the use of funds is governed by the fund authority for the specified fund type, or in the case of trust funds for the specified account. Managers are responsible for understanding the restrictions on use for all fund types, and for any trust account utilized by the department.
What happens if you take money out of your Roth IRA after only 2 years of making contributions?
Depends... You can take the regular Roth IRA contributions (but not earnings) at any time for any use free of income taxes and penalty.
Can you use money from tradition Roth IRA for any purpose?
In "The Gospel of Roth- The Good News About Roth IRA Conversions and How They Can Make You Money" by John Bledsoe it clearly states in the book that NO ANALYSIS is needed and that everyone should convert to a Roth IRA regardless of income. There is NO risk! The IRS is giving us a year to recharacterize or "undo" the conversion. This book gives the ins and outs for Roth IRAS! It really helped answer all my questions.
What kind of IRA accounts are there?
There are many kids of IRA accounts. Traditional IRA, ROTH IRA, SIMPLE IRA and a few more are the various kinds of different IRA accounts. Traditional IRA accounts are one of the more common IRA but are also the most basic and simple to use.
When a CD matures can you use it to buy a new IRA and get a tax deduction?
If you are eligible to make a deductible IRA contribution, you can use funds from any source including a maturing CD to make that contribution. You are not eligible to contribute to an IRA unless you have "compensation income." Compensation income consists of taxable wages, net self-employment, and alimony. Your compensation income must be greater than or equal to the amount you are putting into the IRA. There is nothing special about using the proceeds from a maturing CD to buy an IRA. As long as you are eligible to make the contribution, feel free to use funds from the maturing CD or any other source. Of course, if the maturing CD is already in an IRA, you can't get a deduction for buying another IRA. And you can't put more than $5000 ($6000 if you are over 50) into an IRA in 2009 no matter where you get the money from.
What is the purpose of a Money Market ETF?
Money Market ETFs have a very significant purpose. Money Market ETFs are a type of investment fund which many people use to trade like stocks for a profit.
What is traditional IRA and what purpose does it serve?
An IRA is a Individual Retirement Account. It is meant for you to put money away on a regular basis in order for you to save for when you retire. It does not have as much tax on it as regular accounts. Sometimes if you have to use the money before a certain age you will be penalized with fines for removing the money.
Do Canadian astronomers use the mars rover?
No, because Canada did not fund the rovers in any way. They can use the information obtained from them, however.
Can you use your IRA for a down payment on a RV?
no
Under what circumstances would I use an IRA CD instead of a normal IRA?
A IRA CD have better returns that a regular IRAs. A CD IRA is a better investment option and can provide more money for retirement.
Where can one use Roth IRA calculators for free?
A Roth IRA calculator is used to calculate the total value of one's Roth IRA. Free Roth IRA calculators are offered by the websites Bankrate, Roth IRA, Money Chimp and Calculator Pro.
