Archive for April, 2005
401k Ira Rules
April 29th, 2005
Question: when am I allowed to roll a traditional IRA over into an existing 401k ?
what are the rules that would allow this?
Answer: It must be pre-tax.
Can not be inherited IRA
You must sell all your stocks and funds
Please talk to your HR person.
I personally do not see any advantage in doing this.
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401(k) IRA Nationalization *** Quietly Moves Forward
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Tax Deductible Ira Rules
April 11th, 2005
Question: What is benefit of contributing to Roth IRA?
What are the benefits of contributing to a Roth IRA if it is not tax deductible? I am 68 and participate in SEP at work so what if I just put $5,000 into any kind of investment account and forget about the rules and regulations of an IRA since I’ll be retiring in the next 5-6 years?
Answer: When the day comes, and you begin taking out money from the Roth, all of it will be tax free.
Main Event: Roth vs Traditional IRA.