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Results tagged with ira
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user 81741
In the United States, an IRA is an Individual Retirement Arrangement, a tax-deferred retirement account.
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Non Tax Deductible funds accidentally put into traditional IRA
In addition to the above answers, per publication 590-A you can withdraw "Excess Contribution" amounts in a timely fashion (within 6 months of your filing due date). You will have to pay taxes on any …
- 249
4
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3
answers
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Non Tax Deductible funds accidentally put into traditional IRA
This last calendar year (2018) I opened up a traditional IRA and contributed $5500. … Overall this doesn't bother me, but since I've paid taxes on the $5500 already I'd like to put it into a Roth IRA and not incur any further tax penalties. …
- 249