When you do an IRA transfer, you're effectively moving your money between two similar accounts, so from an IRA account into another. For instance, you may decide to move your IRA from Firm A to an IRA account with Firm B. In this case, the account type doesn't change but theinstituti...
Their are also no income restrictions for Roth 401k plan contributions as their for traditional Roth IRA plans. Another benefit of the Roth 401k is that you can roll the account over to a Roth IRA and avoid the minimum distribution requirement (begins for retirees at 70 1/2.) Traditional IR...
Did you know that there is someone working at the IRS that you can turn to when you have problems with your federal taxes? There is. It’s called the Taxpayer Advocate Service, an independent arm of the IRS whose job is specifically to help taxpayers with their problems. The IRS published...