Where can I find more information about traditional IRA accounts?

1 Answer

Answer :

A traditional IRA account is a great idea. Any banking website would have information on how to start one such as scotiabank, Royal Bank, or the Bank on Montreal.

Related questions

Description : What is the advantage of a roth ira over a traditional ira?

Last Answer : The main advantage of a Roth IRA over a traditional IRA is that you're not socked with withdrawal penalties under most circumstances. You can also transfer the earnings to a beneficiary if the account holder ... note is that you DO pay tax on contributions to a Roth IRA, unlike a traditional IRA.

Description : What are the advantages of a roth ira versus a traditional one?

Last Answer : With a Roth you have less trouble when taking your monies out. With other types of account of this nature it can be a hassle.

Description : I want to withdraw out my my traditional ira account.?

Last Answer : If you withdraw the money from your IRA account before you turn 59-1/2 years old you will pay a penalty. There are certain exemptions, though, for instance if you were permanently disabled.

Description : I want to withdraw out of my traditional ira account.?

Last Answer : You can get the information about withdraw out of my traditional ira account from www.associatedcontent.com/article/14483/how_much_do_i_have_to_withdraw_from.html and www.myretirementblog.com/withdrawing-funds-from-an-individual-retirement-accounts.html

Description : What is the benefit of converting a traditional IRA to a ROTH IRA?

Last Answer : Here is a link to a website that will help you learn more about the benefits of converting, and if it is right for you or not. http://www.rothira.com/

Description : What are good interest rates on Roth IRA accounts?

Last Answer : A Roth IRA doesn't necessarily give a set interest amount. "Roth IRA" simply designates that it is a retirement account using after-tax dollars. You can choose to invest in stocks, bonds, or money market as your wish, meaning the return can vary depending on your investment strategy.

Description : What kind of IRA accounts are there?

Last Answer : There are many kids of IRA accounts. Traditional IRA, ROTH IRA, SIMPLE IRA and a few more are the various kinds of different IRA accounts. Traditional IRA accounts are one of the more common IRA but are also the most basic and simple to use.

Description : Do most people have IRA accounts?

Last Answer : Yes, many people hold IRA accounts. The acronym IRA stands for Individual Retirement Account. There are many types of IRA, each promising different yields. Further information can be obtained from the IRS.

Description : In the Traditional Segment, age as a buying criteria is accounts for which percentage of the consumer decision: a. 53%. b. 43%. c. 47%.

Last Answer : c. 47%.

Description : I need more information or advice about IRA tax deductible.?

Last Answer : There is no deduction for a Roth IRA. The advantage is given when you take money out of he roth after retirement. No tax is paid on the interest earned on the roth IRA.

Description : Where can I find information on a sep ira rollover?

Last Answer : A SEP IRA is a Simplified Employee Pension Individual Retirement Account for the self-employed with advantages and and challenges for you, and its something you should look into.

Description : Where online can one find the most reliable information about variable annuity ira?

Last Answer : Variable annuities are tax deferred investment accounts similar to mutual funds. Variable annuity IRAs use money in your IRA account to fund the principal for the investment, ... annuity IRAs through FINRA. http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/AnnuitiesAndInsurance/p005976

Description : Will you educate me on IRA and CDs and stuff?

Last Answer : The main description of a traditional IRA is it is an account you put money in that reduces your income now, so you are taxed less now, and then when you take the money out when you are older it is ... are CD's you can add additional money or allow an increase to the rate, but those are not typical.

Description : Accountants and small business owners can you give me some info on a SEP IRA?

Last Answer : Here’s the Nerd Wallet take on SEP IRA. Yes you have to contribute with certain rules.

Description : Do you have a Roth IRA?

Last Answer : answer:If you make the same amount of money and tax rates never change your whole life the IRA and the Roth IRA will result in the same amount being taxed and the same amount being saved. ... being taxed at the lower brackets and at the higher brackets as they age and their careers/salaries mature.

Description : If I were to take a total distribution from a pension plan and roll it into a Roth IRA, will that distribution be taxable?

Last Answer : answer:Short answer is yes. You will add it to your income for that year, then add a 10% penalty on top of your effective tax rate for that specific portion of money. If you have a lot of years before retirement, it is worth it.

Description : I am receiving a settlement shortly. What is an IRA?

Last Answer : An IRA is an Individual Retirement Account, you would contribute towards your retirement, I don’t know the tax implications of it if you withdraw when you are in Austrailia but I found this site that might be able to help you

Description : 401(k) vs. IRA: financial whizzes, please tell me--why would I switch from one to the other?

Last Answer : answer:No problems leaving them where they are normally. All 401ks are individualized to different companies however, check with your HR department and contact the fiduciary firm just to double check. If you ... a 401k. Fees will likely be smaller on the individual mutual funds you hold as well.

Description : Can anyone suggest a socially responsible Roth IRA?

Last Answer : https://personal.vanguard.com/us/funds/snapshot?FundId=0213&FundIntExt=INT

Description : Suggestions for finding a Roth IRA for S&P500 with lowest possible fees.

Last Answer : Check out Vanguard.com S&P 500 index fund. Fees are really low; just plug in money every month.

Description : Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Last Answer : The most important thing is just to start!

Description : How do Garrison Keillor and Ira Glass get along?

Last Answer : Jews don’t talk to Lutherans.

Description : Is the song "The Patriot Game" Anti-IRA?

Last Answer : I believe the first paragraph implies that the song is indeed anti-IRA. The song appears to depict life from the perspective of someone who develops under the typical IRA ideology which may cause the song to be misinterpreted (assuming that my interpretation is correct).

Description : Where is the best place to open a Roth IRA?

Last Answer : Our (my wife and I) roth focus is rather aggressive. We are only 2 years older than you so we think that is appropriate our funds Amcap SMALLCAP World Fund Capital Income Builder AMCAP Fund ... employer offer 401k match? you should contribute to that up to their match before proceeding into the roth

Description : What should I invest my Roth IRA in?

Last Answer : Calvert does several socially responsible mutual funds. You can look them up, and see what they are buying for each fund (both their philosophy, and the companies currently in the fund) and see if that ... !) or are willing to do lots of research on your own, is more like gambling than investing.

Description : Any advice on setting up your first IRA account?

Last Answer : answer:I don't know a lot about IRAs, but I Will Teach You To Be Rich is a great resource for learning about finances and investments. Just go there and search for Roth IRA and you'll come up with ... 're a good place to check into. They've also got some good basic FAQ on IRAs on their website.

Description : How could I find the best Roth IRA rates?

Last Answer : Roth IRA's can be self directed stock accounts, hold real estate, or many other types of investments. They need to consider what type of investment and what they hope to achieve when they start ... interested in learning more about stocks they can open an account at Scottrade for their ROTH as well.

Description : Why did so many Americans, openly financially support the IRA, when they are now so against other forms of TERRORISM.

Last Answer : Can you give an example?

Description : Can you borrow from an IRA?

Last Answer : I believe it depends on your IRA plan administrator but I don’t think there is a statutory rule against it. I borrowed from my IRA many years ago for a down payment on a house. Check with your plan administrator to be sure.

Description : Can I rollover a Keogh to an IRA?

Last Answer : Wow! I thought this question was something else entirely…...guess it’s not an Irish question!

Description : Ira, run, go get it. What is the anagram word? -Riddles

Last Answer : Regurgitation.

Description : What is the full form of 'IRA' ? -How To ?

Last Answer : The full form of 'IRA' is Irish Republican Army

Last Answer : IRA - Irish Republic Army / Insurance Regulatory Authority

Last Answer : Ira Of name Money Skilled Daughter.

Description : my wife has a catastrophic illness and has to draw upon her IRA. How will this affect our taxes filing jointly

Last Answer : You may be safe from paying a tax. People may need to tap into their individual retirement account before turning age fifty-nine and a half. Withdrawing money before that age subjects the funds to an ... Read more: http://taxes.about.com/b/2008/09/22/taking-early-distributions-from-an-ira.htm

Description : RMD & Stretch IRA Calculator?

Last Answer : RMD & Stretch IRA CalculatorThe IRS requires that you withdraw at least a minimum amount -known as a Required Minimum Distribution - from your retirementaccounts annually; starting the year you turn ... thiscalculator to help determine how you can stretch out your paymentsfor as long as possible.

Description : Roth IRA Calculator?

Last Answer : Roth IRA CalculatorCreating a Roth IRA can make a big difference in your retirementsavings. There is no tax deduction for contributions made to a RothIRA, however all future earnings are sheltered from taxes. The RothIRA provides truly tax-free growth.

Description : ira cd?

Last Answer : Society is obsessed with spending money, but there are so many ways to save it. Most individuals may even have enough money to contribute to an IRA CD, but many never take the time to find ... IRA account. This is how many manage their retirement accounts. Others may sign up for IRA accounts and

Description : Roth IRA?

Last Answer : One of the most important financial responsibilities that everyperson has is to properly prepare for retirement. To help peopleplan for retirement, there are various financial products thatprovide various incentives ... is young, or expects to be in a higher tax bracket uponretirement, the invest

Description : Variations On An IRA Account?

Last Answer : An IRA account is an Individual Retirement Account. Morespecifically, it is an account used by individuals that provides anopportunity for them to save for retirement. It also affords taxadvantages for ... means thatcontributions are made with assets before they are taxed. When thefunds from a Tra

Description : 401k ira?

Last Answer : One of the most important aspects of having good financialresponsibility is properly preparing for retirement. To prepare forretirement you will need to set up long term investment goals,maintain your investments ... the other hand, an IRA is madewith post tax contributions. While this may sound

Description : What is the RMD for ira withdrawal ?

Last Answer : what is the RMD for age 83 for IRA withdrawal

Description : Can I open a Roth IRA if I'm 71?

Last Answer : Yes, you can! As long as you have earned income and don't earn more than the maximum modified adjusted gross income limit, you can contribute to a Roth IRA. Roth IRAs don't carry the same minimum required ... the age of 59 1/2 (which you will be) and the account is open at least five years.

Description : I am 28 years old, single, and want to start a roth IRA. I do not make that much money. I want to know what the least amount of money I have to have to start a roth IRA. ?

Last Answer : The minimum amount needed to set up a Roth IRA will depend upon the investment you choose. Many mutual funds have low minimums as little as $250 to open an account. Some funds will even waive ... company, bank or brokerage firm you're considering and ask them what their Roth IRA minimum is.

Description : Is there any penalty with a 401K rollover to IRA?

Last Answer : You can avoid penalties doing a rollover, but you have to follow directions completely. There are deadlines that have to be met when requesting the procedure.

Description : Is a 401K the same as an IRA?

Last Answer : A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.

Description : What's the difference between a Roth IRA and a Self-directed IRA?

Last Answer : In a Roth IRA you invest money that has already been taxed. Your withdrawals from a Roth IRA are tax-free. In a regular IRA you invest untaxed money. Your withdrawals from that account are taxed. Many ... IRA, as well as a number of other retirement accounts, can be used for a Self-directed IRA.

Description : What can I find out from an IRA calculator?

Last Answer : An Ira caulator is used to find out how much money you will gain in the future with money that you invest now. By using your monthly contribution, years until retirement and estimated annual inflation you can ... , research what type of Ira is best for you and do not go by just the caculator alone.

Description : What's the difference between a tradition IRA and a Roth IRA?

Last Answer : An IRA has tax-deductible contributions, a Roth IRA does not. IRAs have age requirements (or else you face a penalty), Roth IRAs do not. IRAs are open to every income level, Roth IRAs require household income to be under $150,000.

Description : How do I rollover my 401(k) to a Roth IRA?

Last Answer : You must have a roth ira open. When you are separated from your employer, or turn 59.5, you can instruct your employer to directly roll your 401k over to the roth ira.