7
votes
8answers
707 views

Roth vs Traditional Investing assuming same tax bracket in retirement

I've done a little (simplified) math to determine the difference in investing in a Roth account and a Traditional retirement account. I'm assuming that I will be in the same tax bracket in retirement ...
0
votes
1answer
75 views

Add > 5,500 (excess contribution) to Roth IRA for temporary investment?

I have an standard IRA through work and an additional Roth IRA. I split my contributions between the two accounts. I understand the max contributions to the accounts combined is 5,500 per year. A ...
3
votes
2answers
77 views

Can I contribute to an IRA from investment income?

Can one contribute to IRA if the income for the year is received from stock sale only (no W2)? What I have been reading is that in order to contribute $X to IRA I need to have earned $X of income, ...
3
votes
1answer
75 views

Initial investment limit for an HSA? An IRA?

A fairly simple question but I had troubles finding the answer. (Apologies if the answer is well-known.) HSAs have a yearly contribution limit, as do IRAs. However, is there a maximum limit for the ...
7
votes
2answers
210 views

When purchasing an IRA, should I contribute to a previously-opened one, or open a new one?

In general - all things being equal with regards to fund availabilities, fees, etc - is it better to add funds to an existing IRA each year, or open new ones? Are there different tax benefits to ...
3
votes
2answers
122 views

How many IRAs can I open/add-to/purchase in a given year for my family?

I want to plan for my children's futures - and while I believe I understand from articles at Fool.com, Smartmoney, and Forbes, is that I cannot purchase an IRA, as such, for them: it needs to be done ...
1
vote
2answers
193 views

What are the advantages of an IRA over general investment accounts?

I'm trying to understand the benefits of IRAs. I get that an IRA is an account for retirement in which I keep investments. And I get the difference between Roth and Traditional IRAs (in fact, that's ...
9
votes
2answers
213 views

What should I consider when selecting a broker/advisor to manage my IRA?

I am extremely unhappy with my current IRA manager. I am considering a move to another financial planner. How can I objectively measure a financial expert? What subjective things should I consider? ...
3
votes
2answers
145 views

How are gains in an IRA taxed vs a Roth IRA?

If I have $10k in an IRA, trade stocks with it until my retirement it accumulates (with no additional contributions) to $100k and withdraw it, how are the $90k gains taxed? How does this differ from a ...
2
votes
3answers
389 views

Are IRAs condusive to short term trading?

Since IRAs are only taxed when you take the money out when you retire, are the normal tax implications of short term trading non-existent? Thereby making it extra beneficial to do your short term ...
6
votes
1answer
388 views

Investment methods for a US non-resident alien, living in the US for the next 2-5 years only

If an employer does not offer a 401k plan, what options do I have to invest in stocks, bonds, ETFs, etc.? Would a Roth account be a viable option considering I will probably be in the US for 2-5 more ...
8
votes
1answer
135 views

Investing strategies for tax-advantaged accounts (401k, IRA) vs regular accounts?

What are some investing strategies to take into account when working with a tax advantaged account such as a 401k/IRA versus a normal non tax advantaged account? I know a big strategy is to buy and ...
11
votes
3answers
513 views

Own my home, have no debt, and must start taking RMDs on an Inherited IRA. What should I do?

My father passed away and I have a sizable amount of money in an inherited IRA (about 2 times my yearly salary). I don't have any debt to pay off as I already own my home, auto, no credit card debt, ...
7
votes
1answer
83 views

Premium classification when selling covered calls in a traditional IRA?

If I sell covered calls within a traditional IRA, then is the premium considered a contribution or a capital gain and can I withdraw that money?
3
votes
2answers
120 views

Tax implications of re-characterizing a Traditional IRA to a Roth IRA after having taxes filed for the year it was contributed to

I filed my 2010 taxes in February of 2011. In the first week of April 2011, I opened a Traditional IRA account online with Fidelity and contributed the maximum allowable amount of $5000 for the year ...
8
votes
5answers
1k views

Do I end up richer paying down a mortgage or contributing to an IRA?

I have $10,000 extra cash that I can either use to pay down my 5% mortgage, or contribute to my IRA. I'm 30 years old. I hope to pay off the mortgage in about 5 years. I'm stymied, because: ...
2
votes
7answers
365 views

What are the benefits of opening an IRA in an unstable/uncertain economy?

What is the point of opening an IRA at a young age, when you can use that money to buy assets that have intrinsic value such as Silver or Gold? Especially opening an IRA in such an unstable American ...
2
votes
3answers
146 views

Invest in new mutual funds before the end of the year, or after, in a retirement account?

I changed jobs this year and as a consequence, rolled over my employee 401(k) to a personal rollover IRA. I just completed the rollover earlier this month, and right now the money is just sitting in ...
4
votes
1answer
141 views

How to Select IRA Investments?

I'm helping a friend roll over his 401K into an IRA. How can I advise him as he selects what to invest his money in? Factors I know to consider: Rate of return over 1, 3, 5, and 10 years (and ...
3
votes
1answer
591 views

Questions about Clark Howard's “Guide for Beginner Investors” strategy

I was reading Clark Howard's Guide for Beginner Investors, and have a few questions: What kind of investment account should I put these in? Roth IRA account, regular IRA account, or regular ...