Regarding your question, it’s really a tough one to answer without know more about your situation. A Roth IRA conversion is not black and white as there are so many factors that go into it. You sure can delay the conversion into any year that you want. Reply Vincent August 3, 2012...
Trading on margin involves risk. You can lose more funds than you deposit in a margin account. Please review Ally Invest’sMargin Account Agreement and Disclosurefor more information regarding margin trading. Before you invest, you should carefully review and consider the investment objectives, risks...
The latest 5 Questions with Fidelity covers Roth conversions and answers common questions about them. Here’s how to decide if a Roth IRA or 401(k) conversion is right for you.
Before going into more depth regarding IRA rollover rules and how IRA rollovers apply to other qualifying accounts, it is important to understand other types of retirement accounts. Whereas a contribution to a traditional IRA is tax-deferred, contributions to a Roth IRA is taxable. However, withd...
This is one thing that really sets TFSA apart from the Roth IRA in the USA. If you were 18 years of age in 2009, regardless of whether or not you were employed at the time, you can make up for lost time and contribute the full amount. In other words, the TFSA contribution limit ...
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Fidelity Brokerage Services LLC, Member NYSE,SIPC, 900 Salem Street, Smithfield, ...
I am attempting to speak with someone regarding my TFSA contributions. I have been given the number: 1-800-959-8281 to speak to someone in person. I only receive a recording with no way of contacting a human person. Help please. Reply Harry Phillips 8 years ago Adding up the contri...
Do you think I can convert my $28k Traditional IRA to a Roth and pay tax based on my US income of $5k? I guess the 2nd Q is when converting to a Roth, what is the process of answering questions regarding US and non-US, non-taxable income? Reply andys2i Apr 15, 2012 at 10:...
The inheritance rules regarding Roth IRAs can be confusing. A Roth IRA's original account holder never has to take RMDs, but those who inherit Roth IRAs do unless they fall into one of the exception categories.10 Special Rules for Surviving Spouses Spouses who inherit an IRA have more flexibi...
(IRS) calls "an immediate and heavy financial need." This type of special distribution may be allowed without penalty from such plans as atraditional individual retirement account (IRA)or a401(k), provided the withdrawal meets certain criteria regarding the need for the funds and their amount.1...