Questions tagged [roth-ira]
To be used for questions related to Retirement Tax saving scheme Roth IRA as applicable in the United States
722
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What is the difference between a Rollover IRA and a Roth IRA?
Previous Question.
I have decided to roll my 401(k) into a Roth IRA. I use ThinkOrSwim as my broker currently, so I plan on opening an IRA with them. When opening the account I'm presented with the ...
- 551
10
votes
1
answer
519
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Should I rollover my 401(k) into a Roth IRA in 2010, or wait until 2011?
After asking my previous question and reading about the different options available, I'm looking at rolling it over to a Roth IRA to avoid paying the taxes at retirement. Is it better to do this in ...
- 551
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votes
6
answers
2k
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Should I try to max contribute to my Roth IRA asap?
Assuming that I can afford it: should I try to max contribute ($5k) to my Roth IRA as soon as possible in the tax year or break up the contributions evenly throughout the year?
- 1,357
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votes
2
answers
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IRA conversion when part of the contributions were non-deductible. Taxes owed?
I have a traditional IRA, which has money which has been contributed three different ways:
deductible IRA contributions
non-deductible IRA contributions
rollover from 401(k)
I'm looking at ...
- 1,698
13
votes
2
answers
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Do Roth IRA contribution limits apply to Rollover IRAs?
My wife has already maxed out a Roth IRA for 2010. She just quit her job, and has a 401k from her former employer. Would I be able to roll it into a new Roth IRA even though she has already ...
- 379
3
votes
1
answer
769
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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 ...
- 265
5
votes
2
answers
276
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How to fully utilize my Fidelity IRA account?
Both my wife and I have Fidelity IRA accounts, but I've never fully utilized it. I'd like to seed this account throughout the year, but I have questions:
How much money can I put in per year? What ...
- 265
6
votes
2
answers
103
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Is there a site that compares IRAs by different companies?
I'm planning on opening a Roth IRA in the very near immediate future (by this year's end, if not sooner). Is there a place I can go to see the different pros/cons of IRAs offered by different ...
- 1,357
13
votes
2
answers
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Penalty to withdraw from a new Roth IRA for first time home buyers?
My wife & I are 28 and plan on purchasing our first home in the next 1-3 years. Right now our assets are in two places:
403-b that I will not touch for the next 30+ years
FDIC-insured savings ...
- 653
16
votes
2
answers
663
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Pros, cons, & differences in investing in 401k vs. IRA?
What are some of the pros, cons, and differences of investing in a 401k vs. investing in an IRA (either Roth IRA or regular)?
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4
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Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense?
My wife & I are 28 years old and are looking to purchase our first home in the next 1-3 years. Our financial situation looks something like this:
24% combined gross annual income in low interest ...
- 653
18
votes
3
answers
2k
views
Should I pay off my student loan before putting money into Roth IRA?
I have about $7K in student loans remaining at 6.25% I also haven't made a contribution to my Roth IRA for 2010. I'm thinking off paying off my loan at the end of the year, but that'll not really ...
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2
votes
3
answers
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Is a Canadian TFSA similar to an American Roth IRA?
Canada never used to have a "pay tax now, but don't pay tax later" investment option, until 2009 when the TFSA (Tax-Free Savings Account) was created. Is this fundamentally the same as a US Roth IRA? ...
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votes
1
answer
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How to invest after 401k and Roth IRA are maxed?
I'm in my 20's. I'm a big saver and I think I've covered the basics, including:
Paying off all high interest (>3%) debt.
Getting the full company match out of my 401k.
Maxing out my Roth IRA for the ...
- 895
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votes
3
answers
1k
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Should I put money in both a ROTH and Traditional IRA?
I'm 31. I put 11% of my $$ into a 401k.
I put about $600 a month into a high interest savings account.
I max out my ROTH IRA.
I'm wondering if I should max out a traditional IRA as well or if ...
- 1,456
12
votes
1
answer
969
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How to claim a minor's income?
When a child earns money babysitting or doing yardwork for neighbors, it's common to ignore claiming the income, as income earned by the minor has its own deduction, and would likely not generate any ...
9
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5
answers
3k
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What are some of the best companies for Roth IRA account?
Currently, I have an Roth IRA account with Citi bank, but they moved my account to their affiliates. They won't allow me to buy stocks that are below $5 on their site, I have to call them and they ...
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votes
2
answers
1k
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Can you have a Roth IRA and a traditional IRA? What about two separate IRA accounts of the same type?
I'm interested in starting a new brokerage account somewhere. I would like to "test the waters" before transferring my entire IRA to them. Is there any law against having a completely separate IRA ...
- 829
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votes
4
answers
3k
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Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA?
I recently started a new job and have a 401k from my previous employer that I don't know what to do with. Should I roll it into my new employer's 401k, a traditional IRA or a Roth IRA?
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votes
3
answers
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Should I "hedge" my IRA portfolio with a life cycle / target date mutual fund?
I'm fully contributing to my Roth IRA every year into a brokerage account that is 100% in mutual funds.
I've done basic mutual fund research and picked about 5 different funds that match what would ...
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3
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Can I withdraw from my Roth IRA retirement account to fund a startup?
I'm 24 years old and have $10k in my retirement accounts (Roth IRA) after about a year with a real job. I'm considering withdrawing the entire balance to support myself for a few months while I ...
Dustin Getz
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votes
1
answer
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What are the differences between a "traditional" IRA and a Roth IRA?
I hear that a traditional IRA offers a tax deduction whereas a Roth IRA doesn't, but there's got to be more to it than that: What makes a Roth IRA any good, if it doesn't provide a tax deduction? ...
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