Posts Tagged ‘taxes’
Ira Rules Gov
June 23rd, 2011
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
Posted in IRA Rules | 
Tags: federal, government, IRA Rules, ira rules gov, irs, tax, taxes | 
No Comments »
Roth Ira Irs Investment Rules
May 24th, 2011
Posted in IRA Tax Rules |
Tags: investment, investment rules, ira, irs, roth ira, roth ira irs investment rules, tax, taxes |
No Comments »
Early Withdrawal From Ira
March 18th, 2011
Question: I am taking a withdrawal from my traditional IRA early (I’m 30), and am wondering how to deal with the taxes..?
I elected to have them withhold 20% federal tax. Will that be enough? My wife and I make a combined $75,000/year, and live in Idaho. Anything I am missing? Anything I’ll need to watch for when i file my taxes in April?
Thank you!
Answer: No that won’t be enough. Don’t forget the 10% penalty for withdrawing retirement funds before age 59 1/2.