When you convert after-tax money from a traditional IRA to a Roth IRA, the amount is tax-free because you have already paid taxes on those funds. The earnings must be treated as ordinary taxable income.4 Tax Rules for Roth IRA Conversions Suppose that over the years, you contributed $...
It suggests that in order to get the maximum benefits from the Roth IRA, it is essential to convert the entire withdrawal from a traditional IRA, rather than using part of the money to pay the taxes.GreeneKellyEBSCO_bspWall Street Journal Eastern Edition...
If you contributed more than the maximum deductible amount to your 401(k), you have some post-tax money in there. You may be able to avoid some immediate taxes by allocating the after-tax funds in your retirement plan to a Roth IRA and the pretax funds to atraditional IRA. You should...
Why Your Clients Need to Do Roth IRA Conversions Before Year-End annuity, the fair market value of the annuity transferred to the Roth IRA is discounted from the face value of the annuity, thus decreasing the federal income tax payable as a result of converting the traditional IRA to a Roth...
Converting to Roth IRA pays at tax time.(The Providence Journal)Downing, Neil
Converting to Roth IRA with Taxes Paid from Corpus of the Traditional IRA, ArtículoCongress eliminated the income limit required for converting a Traditional Individual Retirement...Ronnie ClaytonJacksonville State University in JacksonvilleLamar Clayton...
Converting to Roth IRA has advantages for a wide range of investors.Downing, Neil
Before Converting IRA to Roth Type, Do Careful AnalysisRead the full-text online article and more details about "Before Converting IRA to Roth Type, Do Careful Analysis" by Yip, Pamela - Tribune-Review/Pittsburgh Tribune-Review, November 16, 2009By YipPamela...
Many readers want to know whether they should convert their traditional IRAs to Roth IRAs-and pay tax on the converted amount-when the income limits on conversions disappear in 2010. Jeff and Dawn Eales of Mission Viejo, Cal., are among the curious. "I believe when we retire in 20 to ...
Converting Nondeductible IRA to Rothdoi:urn:uuid:9c6ed38ecf1b2310VgnVCM100000d7c1a8c0RCRDDispel yourself of the notion of capital gains in an IRA; there is no such thing. IRAs have earnings whether they come from dividends, interest or asset appreciation.George Saenz...