IRA Rules

Investing & Retirement Funds : How to Compare IRA CD Interest Rates

Question: Withdrawal of excess contributions to IRA – which form?

I contributed too much to my Roth IRA for 2007.. I withdrew the excess last week. What form do I use to report the capital gain, Sch D or something else?

Answer: It isn’t a capital gain. The earnings go on line 21 as “other income”–you also need form 5329 to figure the penalty.

Jean Goblet Testimonial For John Park and PGI SelfDirected

Question: is social security can get CUT TODAY..?

HOW CAN I TRUST THE GOV. with the ROTH IRA TAX BENEFITS? HOW WOULD I KNOW THAT THEY WONT CHANGE THE RULES ON ME LATER? IS THIS WHY MANY SHOOSE TO STAY WITH TRADITIONAL IRA?

Answer: Since when are traditional IRA’s any better in this regard? Heck, there have even been rumors of the government wanting to start taxing people’s 401k withdraws even if they’re at retirement age!

In other words…”The Rules” are not set in stone. Never have been, never will be. Prepare for your future, and prepare to be screwed.

Question For Gov an SF IRA