Archive for June, 2008
Ira Withdrawals Rules
June 9th, 2008
Question: If I covert my traditional IRA to a Roth IRA will I be affected by the 5 year rule regarding withdrawals?
Answer: Yes. Your contribution from the rollover will start the 5-year rule for withdrawals prior to 59 1/2. After 59 1/2 they go away.
However, do the math carefully.
If you are concerned about the 5 year rule a conversion may not make sense for you. The major reason to do it would be to not have to start withdrawals at 70 1/2 as is the case with a traditional IRA.
Posted in IRA Withdrawal Rules | 
Tags: 401k, ira, ira withdrawals rules, irs, roth ira withdrawals rules, rules, withdrawal | 
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Sep Ira Withdrawal Rules
June 4th, 2008
9-15% on your money? and…2 Questions everyone MUST ask their Financial Planner
Roth Ira Conversion Tax Rules
June 3rd, 2008
Posted in IRA Tax Rules |
Tags: conversion, finance, ira, retirement, roth, roth ira conversion tax rules |
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