IRA Articles and Videos - Page 1

Can you still contribute to a Roth IRA if your company makes an ESOP contribution to your retirement account? A reader wants to know if there are any limitations on contributing to a Roth IRA even though she gets stock from an ESOP account and has a 401(k).

IRA penalties for early withdrawals can be avoided. You can withdraw up to $10,000 from an IRA without paying a penalty. But the withdrawal can't be for more than $10,000, there can be IRA penalties for withdrawal. First time home buyers can withdraw money for their down payments without penalty if…

Today on the Ilyce Glink Show, Ilyce discussed the latest news about Taylor Bean and Whitaker. What's happening with this bank? Where can customers go to get information about their loans? Why is their so much confusion with the Taylor Bean and Whitaker situation? Visit our updates for more…

If you inherit an IRA account, you have some choices with what to do with the money and the tax treatment you receive from teh IRS. In some cases, if you do nothing, your money will be subject to federal income taxes. If you roll the money over into a new IRA account you can avoid paying taxes right…

Today on the Ilyce Glink Show, Ilyce took questions from callers, like one about the IRA conversion change. She also talked about the new credit card legislation and what it might mean for consumers. For more show notes, and details on special discounts, check out Ilyce's blog.

Welcome back to the Ilyce Glink Show. Once again, it's been an interesting week:

A law signed in 2006 brings changes to Roth IRA law. While the amount you earn to open up a Roth IRA will not change, anyone can open a non-deductible IRA account, contribute to it and convert it to a Roth IRA in 2010. Whether you’re looking at a Roth or traditional IRA, you should never cap the…

Most investment companies charge something for holding IRA accounts. If you’re considering moving your IRA accounts, look for a company with a low holding fee. But if you like the way your accounts are performing at a company with a higher fee, it might not be necessary to move them.

If you start a new job, you’re new employer may not accept a 401(k) rollover from your previous employer. One option is to roll your 401(k) into a self-directed IRA. If your 401(k) has done well, you may be able to leave it with your old employer.

Employers are allowed to set their own limits on how much you can contribute to a 401(k). Even though the limit for 401(k) accounts has increased, you may not be able to contribute that much in an employer-sponsored 401(k) plan. A Roth IRA might be a way to build retirement funds outside of your…

Investment companies often want to know what your investment objective is. Your investment objective depends on your age and what they money in your investment is for. At a young age, investment objectives are often aggressive because you have a long time ahead of you to save.

Should you withdraw money from a traditional IRA to pay off your house? In light of the struggling economy, does the federal government offer any tax breaks if you take money out from an IRA in 2009? And if you're over age 70 1/2 do you have to withdraw money from your IRA this year and in many…

You generally cannot write off stock losses in an IRA retirement account. You also cannot make up for a stock loss in a Roth IRA retirement account. The goverment doesn't allow you to make up for bad investments.

When setting up a retirement plan, you should always be sure you have a diverse set of investments. You should never put all your retirement money in one place, like an employee stock option program. That is dangerous given the economy. Instead, you should put money in a Roth IRA or a conventional…

If you work part-time or freelance, you are still eligible to open a Roth IRA and contribute up to the amount earned in a given year for your retirement. If your company does not provide a 401K retirement plan, you may be eligible for a conventional IRA. A good place to open up a Roth IRA is with…

If you've maxed out your 401K retirement plan at work, you have a few options for opening an IRA depending on your income level. You're only allowed to contribute to a conventional IRA if you have a low income. To open and max out a Roth IRA for retirement, your income has to be under $95,000 if…

If you want more control over your 401(K) retirement savings, think about rolling it over into a self-directed IRA. Open a self-directed IRA for your retirement at any financial institution and have them do an electronic transfer so you don't "touch" the money. Then you will have to decide on where…

Deciding how much to invest for retirement can be tough but www.money.com has a calculator that can help with your financial planning. If you want to talk to someone about financial planning for retirement, you can call 888-FEE-ONLY for a help. If you contribute regularly to a 401(K) or IRA and are…

If you have a small business, a Simple IRA might be the right choice for a retirement plan for your employees. You can set up a Simple IRA on your own. First check with a financial institution to see if they offer Simple IRAs. They will offer lots of investment opportunities for your employees.

If you already have a 401(k) and want to get another retirement account, should you invest in a Roth IRA or a traditional IRA. Ilyce explains the difference between the Roth IRA, a traditional IRA and other retirement accounts. One of the main differences between a Roth IRA, traditional IRA and…

Can you invest a portion of your home's equity in your 401(k) or IRA? The IRS might prohibit home owners from investing a personal residence into an IRA or 401(k). Go irs.gov to find out whether it is legal to invest your home's equity into a 401(k) or IRA.

The IRS has published the 2008 versions of some important Tax Publications:

Publication 523 Selling Your House Publication 544 Sale of Rental Property Publication 946 How to Depreciate Property Publication 4681 Cancelled Debts, Foreclosures, Repossions and Abandonments Publication 527 Residential…

A new study finds that while employers don't necessarily plan to cut back on current features in their 401(k) plans, they do plan to delay enhancements, citing costs

• Among those employers that don't currently offer automatic enrollment, only 25 percent are likely to add it for new hires, and just 15…

When you inherit an IRA, what taxes do you have to pay on it? The income tax you pay on an inherited IRA depends on how you receive the money. If you receive the money immediately upon the IRA owner's death then you'll be taxed at your regular income tax rate. If you roll the IRA money into an…

Real estate IRAs let you use IRA cash to invest in real estate. With stock market returns down, there's been a surge of interest concerning using IRAs to invest in real estate. Some self-directed IRA accounts give the flexibility to invest in real estate.