Suggests which type individual retirement account (IRA), a Roth or regular IRA, is better, in light of new rules as of June 2001. Recommendations to young workers; Advice to older taxpayers who still face estate taxes after the new tax laws are enacted; Advice about converting a regular ...
Earning的數值是Roth IRA內的資金總和減去前三部分,它可以是負數(虧損)。 稅法(IRC Sec. 408A (4)(B))規定了這四部分的取出順序(ordering rules)。最先被取出的是regular contribution,直到取完為止 之後按年份將所有的conversion/rollover排序,存入早的先被取出。對於同一年的conversion,taxable conversion的優先順...
两人若以single status报税,MAGI(在AGI基础上稍作调整)均小于138k,可以以直接存入的方式(regular contribution)存满2023年Roth IRA的6.5k限额。 如果两人选择结婚情形就不同了。根据Sec. 7703(a)(1),若某人在12月31日是已婚状态,那么在税务上他整年都是已婚状态。如果Alice和Bob在2023年12月31日前完成结婚手续,...
IRA distribution的税务问题遵循aggregation rule(IRC Sec. 408(d)(2),Sec. 408A(d)(4)(A)),个人持有的全部Roth IRA应合并成一处考虑。由此我们将两个Roth IRA的账目合并得到表格最后两列。 Regular contribution在存入后可以随时取走,不产生任何税务后果(IRC Sec. 72 (b)(1), (q)(1),CFR Sec. 1.408A...
Opening a Roth IRA might be the single best retirement decision you can make. While the Roth IRA doesn’t offer immediate tax gratification as other types of retirement accounts do, it does give you tax-free growth.
Roth IRA的contribution limit還受Modified Adjusted Gross Income (MAGI)限制,高收入者不能直接做Roth IRA regular contribution。MAGI對traditional IRA限制的是抵稅額度(deductible limit) 通常說traditional IRA存入的是pre-tax money,其實現機制是在當年收入中減去該抵稅額度。當有公司提供的退休賬戶(quanlified employme...
One potential trap to be aware of is the so-called "five-year rule." You can withdraw regular Roth IRA contributions tax- and penalty-free at any time or any age. Converted funds, on the other hand, must remain in your Roth IRA for at least five years. Failure to abide by this rul...
A Roth IRA can be funded from a number of sources: Regular contributions Spousal IRA contributions Transfers Rollover contributions Conversions AllRoth IRA contributionsmust be made in cash (which includes checks and money orders) unless they are rollover contributions.They can’t be in the form of...
We sometimes see statements like this: “On your death, your beneficiaries receive your Roth IRA tax-free.” That statement could be a little misleading. For one thing, the estate tax applies to assets you own in a Roth IRA the same way it applies to assets you own in a regular IRA....
A Roth IRA for Kids provides all the benefits of a regular Roth IRA, but is geared toward children under the age of 18 and requires an adult to serve as custodian. The custodian maintains control of the child's Roth IRA, including decisions about contributions, investments, and distributio...