38 posts tagged with rothira.
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403(b) rollover - to traditional or Roth IRA?

I have about $8K languishing in a 403(b) (similar to a 401(k) but for nonprofits). My current company doesn't have a 401(k). I just opened a Roth IRA, and I was going to rollover the 403(b) to the Roth, but then I realized I'll have to pay taxes on it, so now I'm not sure. Should I open a Traditional IRA in addition to the Roth, and rollover into that instead? [more inside]
posted by radioamy on Jun 29, 2016 - 11 answers

US tax Roth IRA ladder conversion/recharacterization questions

I'm looking into using a "Roth conversion ladder" to periodically convert some of my money from a traditional IRA to a Roth IRA, which I can then withdraw five years later in a tax-advantaged manner, despite being younger than the typical age to withdraw funds from IRAs. I have several questions about this. [more inside]
posted by Sock McPuppet, Jr. on May 28, 2016 - 10 answers

How do taxes work on a Roth conversion that was recharacterized?

If I prepaid taxes on a Roth conversion then recharacterized back to a traditional IRA, how do the taxes I paid work? [more inside]
posted by lpcxa0 on Jan 29, 2016 - 2 answers

Debt Free Child, Later Retired Dad

I am over 59 1/2 years old. I need to take money out of my IRA for my daughter's last year of college. Help me to find a way to do this with the least tax impact. [more inside]
posted by Xurando on May 1, 2015 - 23 answers

Opening an IRA for my husband

I'd like to open a spousal Roth IRA for my husband, but I'm unsure of the basics. Please help! [more inside]
posted by skycrashesdown on Mar 19, 2015 - 7 answers

Please help me organize my investments and finances! (401k Rollover!)

Need help deciding what to do with my investment finances, including rolling over my prior Co. 401k rollover. I hold 2 401ks, 1 Roth IRA and I'm planning maybe on an index Fund. Details inside! [more inside]
posted by PetiePal on Mar 18, 2014 - 8 answers

Why should I put money in an IRA?

Why should I put money in an IRA, as opposed to just investing it normally? [more inside]
posted by Two Stranger on Mar 4, 2014 - 13 answers

In search of some intermediate financial advice.

MeFites have always been pretty good at giving basic financial advice, like how to start saving, building a budget, getting out of debt, etc. I'm there already. I find myself in the surprising situation of being comfortable these days, and I'd like to know: what's next? [more inside]
posted by anonymous on Feb 20, 2014 - 13 answers

Roth IRA early withdrawal: am I doing this right?

I have made 20k in Roth IRA direct contributions over the past few years. That investment is now worth 25k with interest earned. I wish to withdraw 5-10k from this account. Will that withdrawal be tax and penalty free? [more inside]
posted by kosmonaut on Jul 17, 2013 - 9 answers

With the Dow so high, is now a good time to start a Roth IRA?

Hello! I'm in my early 30s and am finally financially stable enough to start socking away some cash in a Roth IRA (my employer does not offer any retirement plans). However, I'm a little worried that, with the market being at such a high, that something will happen due to all the current BS going on with Congress and the market will crash again, and I will lose a good chunk of money. Is this fear totally unfounded? Should I just start my Roth and hope for the best?
posted by emily37 on Apr 2, 2013 - 20 answers

Overpaid my Roth IRA by an astounding $1300. What to do?

Not sure what happened, but I have a Simple Roth IRA through Fidelity that I overpaid accidentally. I'm in my 40s, so as I understand it, can put in up to $5,000 per year. Last year, I overpaid my maximum by something like $300. I didn't worry too much about it. Starting to do my taxes this year, I looked at my Fidelity statement and it looks like this year I overpaid by $1300. What are my options? How does this affect my taxes, if at all? [more inside]
posted by HeyAllie on Feb 6, 2013 - 8 answers

Tell me about your awesome Roth IRA.

I have a chunk of money just sitting in an account that doesn't even earn interest. I'd like to park it into an IRA, but would like to avoid spending many hours researching them. I'd love to just pick a place, transfer the money over, and be done with it. What bank/financial institution currently offers the lowest fees for the best results? Do you have one that you adore, and offers a good deal? [more inside]
posted by chowflap on Jan 28, 2013 - 18 answers

Saving for retirement as a graduate student.

I am a new graduate student and was hoping to put some money into a Roth IRA to start saving for retirement, but just read that contributions must be made from earned income and now I'm not sure if that is the best plan for my circumstances. [more inside]
posted by anonymous on Dec 26, 2012 - 7 answers

Can I convert a brokerage account into an IRA and claim the tax benefit?

Can I convert my regular brokerage account into a (non-Roth) IRA and claim the tax benefit? [more inside]
posted by jefficator on Dec 16, 2011 - 4 answers

What's the best way to save for retirement as a freelancer?

What's the best way to save for retirement as a freelancer? [more inside]
posted by sharkfu on Sep 28, 2011 - 6 answers

Roth IRA conversion from 401(k)?

Should I roll over my 401(k) and then convert it immediately to a Roth IRA? [more inside]
posted by anonymous on Jul 11, 2011 - 6 answers

Looking for Roth IRA recommendations.

I'm looking for recommendations on where to open a new Roth IRA. Looking for something with low fees and index funds. I could put in a chunk of cash if need be, but it would be great to find one with no minimum if I commit to a certain amount per month. Who have you all been happy with when it comes to customer service and ease-of-use?
posted by emily37 on Jul 5, 2011 - 14 answers

What is a reason that a Roth IRA is be better to put money into if I'm not maxing out my 401k?

What is a reason that a Roth IRA is be better to put money into if I'm not maxing out my 401k? [more inside]
posted by elif on Jun 30, 2011 - 23 answers

Roth IRA, meet K-1 Tax Form

Tax Filter: Do I have to report earnings from a K-1 tax form if the profits were made in my Roth IRA account? [more inside]
posted by shortyJBot on Mar 11, 2011 - 4 answers

Yes, I know this is Officially Not Recommended Financial Planning

I'd like to cash out a Roth IRA and make those funds available to my parents. But because early withdrawal is a No Good Terrible Bad Idea, I can't find much specific advice on the subject. I don't have a financial planner right now. You are not my financial planner, but perhaps you can help me check my work in figuring out the ramifications? [more inside]
posted by desuetude on Nov 30, 2010 - 13 answers

Contribute to 401k and Roth IRA?

Should I invest in both a 401k and Roth IRA? [more inside]
posted by jwfree on Jul 20, 2010 - 23 answers

Do I have to contribute as much to my Roth as stated on my taxes?

My tax preparer reported I contributed more to my Roth IRA than I actually did. Does this matter? [more inside]
posted by beyond_pink on Apr 12, 2010 - 10 answers

Retirement Contributions While Unemployed/Job Hunting

Got laid off and while I'm looking for a new job, should I keep putting away money for retirement? [more inside]
posted by gov_moonbeam on Apr 5, 2010 - 10 answers

Paying it forward to myself

How can I start DRIPs as part of a Roth IRA? [more inside]
posted by trouserlouse on Jan 7, 2010 - 4 answers

Convert now or later?

Should I wait to convert my Traditional IRA to a Roth? [more inside]
posted by susanvance on Dec 6, 2009 - 5 answers

green roth IRAs du jour

What are some environmentally and socially concious mutual funds that I should be switching my $2k roth IRA to? [more inside]
posted by anonymous on Apr 13, 2009 - 6 answers

What to do with my money?

New to 403(b)s... should I do an IRA instead? [more inside]
posted by atayah on Oct 29, 2008 - 5 answers

Get Rich or Die Tryin'

Financial advice-filter. I'm a college student with no debt and negligible living expenses. Where should I be putting my income? [more inside]
posted by anonymous on Oct 27, 2008 - 8 answers

MAGI May (Be Headed North of $100k)

Will opening a Solo 401(k) before year's end reduce my modified adjusted gross income (MAGI)? I'm a 28-year-old freelance worker with a sole proprietorship, and I'd like to be able to fully fund my Roth IRA for 2008 [more inside]
posted by anonymous on Jun 26, 2008 - 1 answer

What should I do with my Simple IRA?

I have a Simple IRA from a previous employer. Should I roll it into my 401(k), convert it to a Roth IRA, or do something else entirely? [more inside]
posted by junkbox on Nov 13, 2007 - 8 answers

Selling shares within a Roth IRA

What are the rules about selling shares held in a Roth IRA? Warning: still a bit of a finance n00b... [more inside]
posted by electric_counterpoint on Jul 13, 2007 - 17 answers

How to Diversify Retirement Account

I'm planning to diversify my retirement account in the next 5-7 years. I need some advice on the best way to do this. [more inside]
posted by ThePinkSuperhero on Jan 15, 2007 - 9 answers

Beginning investor, seeking basic opinions and links for more research & self-teaching!

Total beginner to investing and finance, researching how to start investing maybe $2K each year, mostly in socially responsible mutual funds -- and how a young, healthy person should balance retirement investment with other kinds of investments. [more inside]
posted by anonymous on Oct 27, 2006 - 10 answers

Help me choose an index fund.

Help me choose an index fund and a financial institution. [more inside]
posted by Pontius Pilate on Sep 4, 2006 - 18 answers

Roth IRA at ING?

Is ING Direct a good place to have a Roth IRA? Other suggestions for easy, cheap plans? Can I do this without hiring a professional to advise me? [more inside]
posted by Amy Phillips on Aug 22, 2006 - 15 answers

When should I open my Roth IRA?

Should I open my Roth IRA now and buy what I can afford, or wait until I can afford the minimum investment in the fund I really like? [more inside]
posted by electric_counterpoint on May 12, 2006 - 9 answers

401(k) vs Roth IRA?

401(k) vs Roth IRA? Rollover? Confusion.... [more inside]
posted by ShawnString on Nov 30, 2005 - 16 answers

401K Investments

InvestmentFilter: So I'm permanent now at work, and have to pick a 401k option. I don't think i'll be there for many years, and cashed out the last time I had one. (But then again, i'm older now, and 70 is only 31 years away).What do you guys suggest for a 1-3 year timeframe, 401k-wise, given the fluctuating market? (If I need to, I have absolutely no qualms about cashing out again, and have never had much faith in the market at all, in general.) [more inside]
posted by amberglow on Jan 29, 2004 - 23 answers

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