Retirement Planning Now » Contributions To Self Directed IRA http://retirementplanningnow.net Finding The Best Solutions And Ideas For Planning For Your Retirement. Wed, 11 Apr 2012 04:46:37 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Can I move funds from a Roth IRA to a Traditional IRA without it being considered a conversion? http://retirementplanningnow.net/can-i-move-funds-from-a-roth-ira-to-a-traditional-ira-without-it-being-considered-a-conversion.htm/ http://retirementplanningnow.net/can-i-move-funds-from-a-roth-ira-to-a-traditional-ira-without-it-being-considered-a-conversion.htm/#comments Tue, 20 Apr 2010 07:39:46 +0000 admin http://retirementplanningnow.net/can-i-move-funds-from-a-roth-ira-to-a-traditional-ira-without-it-being-considered-a-conversion.htm



So I contributed to a Roth IRA account for 2009 and didn’t realize until I started doing my taxes that I should have contributed to a Traditional IRA to be qualified for a deduction. Can I move those funds from the Roth IRA to the Traditional IRA without it being considered a conversion? Just hoping there was something I could do to fix it since I know you have up until April 15th to contribute for the previous year.




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]]> http://retirementplanningnow.net/can-i-move-funds-from-a-roth-ira-to-a-traditional-ira-without-it-being-considered-a-conversion.htm/feed/ 3 Is it possible to Invest in individual stocks for a traditional IRA account? http://retirementplanningnow.net/is-it-possible-to-invest-in-individual-stocks-for-a-traditional-ira-account.htm/ http://retirementplanningnow.net/is-it-possible-to-invest-in-individual-stocks-for-a-traditional-ira-account.htm/#comments Mon, 19 Apr 2010 05:15:33 +0000 admin http://retirementplanningnow.net/is-it-possible-to-invest-in-individual-stocks-for-a-traditional-ira-account.htm



Up to this point I’ve invested in Vanguard index funds for my traditional IRA account, but this year I thought I might try picking out individual stocks to feed the traditional IRA account. Is this allowed? Also any advice about how I actually go about buying these individual stocks? Many thanks in advance for your help!!




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]]> http://retirementplanningnow.net/is-it-possible-to-invest-in-individual-stocks-for-a-traditional-ira-account.htm/feed/ 2 Would it be a good idea to set up a traditional IRA for tax deductions I need this year, and a Roth later? http://retirementplanningnow.net/would-it-be-a-good-idea-to-set-up-a-traditional-ira-for-tax-deductions-i-need-this-year-and-a-roth-later.htm/ http://retirementplanningnow.net/would-it-be-a-good-idea-to-set-up-a-traditional-ira-for-tax-deductions-i-need-this-year-and-a-roth-later.htm/#comments Sun, 18 Apr 2010 07:39:17 +0000 admin http://retirementplanningnow.net/would-it-be-a-good-idea-to-set-up-a-traditional-ira-for-tax-deductions-i-need-this-year-and-a-roth-later.htm



My consulting business did well enough this year that I had a bit of money due to the IRS. I planned on setting up an IRA this year since I’m in my mid-twenties. I like the tax-free potential of the Roth, but I also need to lower my AGI this year. Would it make sense to open and contribute a portion of my wages to a traditional account and deduct what I need to break even on taxes, and throw the rest into a Roth account? Not exceeding the ,000 limit on contributions of course… The fees on the accounts should be negligable, considering that I’m working primarily with an Internet broker.
25% is my current tax bracket.




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]]> http://retirementplanningnow.net/would-it-be-a-good-idea-to-set-up-a-traditional-ira-for-tax-deductions-i-need-this-year-and-a-roth-later.htm/feed/ 2 How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawls? http://retirementplanningnow.net/how-are-capital-gains-treated-in-a-traditional-ira-if-one-waits-until-age-595-or-later-to-make-withdrawls.htm/ http://retirementplanningnow.net/how-are-capital-gains-treated-in-a-traditional-ira-if-one-waits-until-age-595-or-later-to-make-withdrawls.htm/#comments Sat, 17 Apr 2010 05:15:24 +0000 admin http://retirementplanningnow.net/how-are-capital-gains-treated-in-a-traditional-ira-if-one-waits-until-age-595-or-later-to-make-withdrawls.htm



Imagine two people starting starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?




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]]> http://retirementplanningnow.net/how-are-capital-gains-treated-in-a-traditional-ira-if-one-waits-until-age-595-or-later-to-make-withdrawls.htm/feed/ 4 Advice on a retired person converting from a traditional IRA to a Roth? http://retirementplanningnow.net/advice-on-a-retired-person-converting-from-a-traditional-ira-to-a-roth.htm/ http://retirementplanningnow.net/advice-on-a-retired-person-converting-from-a-traditional-ira-to-a-roth.htm/#comments Fri, 16 Apr 2010 05:15:14 +0000 admin http://retirementplanningnow.net/advice-on-a-retired-person-converting-from-a-traditional-ira-to-a-roth.htm



I have a traditional IRA (about 40K) that I am thinking of converting to a Roth IRA. I am retired and about 3 years away from mandatory IRA withdrawals. Knowing full well that I will take a tax hit if I do this, is it a good idea to do this and just let the money grow tax free or should I just steel myself to mandatory yearly withdrawals at age 70 1/2, I can afford the tax hit and my taxable income in 2007 was approx 37K. Thx




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]]> http://retirementplanningnow.net/advice-on-a-retired-person-converting-from-a-traditional-ira-to-a-roth.htm/feed/ 4 How much can I put in Traditional IRA if I have a 401k? http://retirementplanningnow.net/how-much-can-i-put-in-traditional-ira-if-i-have-a-401k.htm/ http://retirementplanningnow.net/how-much-can-i-put-in-traditional-ira-if-i-have-a-401k.htm/#comments Thu, 15 Apr 2010 05:15:56 +0000 admin http://retirementplanningnow.net/how-much-can-i-put-in-traditional-ira-if-i-have-a-401k.htm



Is there a max amount we can put in a Traditional IRA account if my husband has a 401k through work? Can someone explain how that works? We’re trying to avoid paying even more taxes for 2009 by opening an IRA account. We’ve already paid a lot of taxes and now we’re supposed to pay an additional ,000 because we’re now in a higher tax bracket.




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]]> http://retirementplanningnow.net/how-much-can-i-put-in-traditional-ira-if-i-have-a-401k.htm/feed/ 1 how much should I phase in from my traditional ira to a roth? http://retirementplanningnow.net/how-much-should-i-phase-in-from-my-traditional-ira-to-a-roth.htm/ http://retirementplanningnow.net/how-much-should-i-phase-in-from-my-traditional-ira-to-a-roth.htm/#comments Wed, 14 Apr 2010 02:51:34 +0000 admin http://retirementplanningnow.net/how-much-should-i-phase-in-from-my-traditional-ira-to-a-roth.htm



I have 00 in my traditional ira so someone please help me on this so I dont get mega taxed all at once. How much per year?




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]]> http://retirementplanningnow.net/how-much-should-i-phase-in-from-my-traditional-ira-to-a-roth.htm/feed/ 2 how much can i deduct from a traditional ira? http://retirementplanningnow.net/how-much-can-i-deduct-from-a-traditional-ira.htm/ http://retirementplanningnow.net/how-much-can-i-deduct-from-a-traditional-ira.htm/#comments Tue, 13 Apr 2010 02:51:12 +0000 admin http://retirementplanningnow.net/how-much-can-i-deduct-from-a-traditional-ira.htm



i have a traditional ira. i know u can contribute up to 00 at a given year. i was told traditional ira is tax deductible. im in the 28% tax bracket in nyc. so how much can i deduct if i contribute up to 00, 00, 00, or 00 in a given year? thx in advance.




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]]> http://retirementplanningnow.net/how-much-can-i-deduct-from-a-traditional-ira.htm/feed/ 4 How much can i put into my Roth and traditional Ira? http://retirementplanningnow.net/how-much-can-i-put-into-my-roth-and-traditional-ira.htm/ http://retirementplanningnow.net/how-much-can-i-put-into-my-roth-and-traditional-ira.htm/#comments Mon, 12 Apr 2010 00:27:11 +0000 admin http://retirementplanningnow.net/how-much-can-i-put-into-my-roth-and-traditional-ira.htm



I contributed to much to my SEP-IRA, how much can i transfer to my Roth/Traditional IRA(I am assuming that i can transfer still for 2008) ? Also, i closed an HSA account, can i just transfer that to another account ? Would this transfer affect my SEP transfers ?




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]]> http://retirementplanningnow.net/how-much-can-i-put-into-my-roth-and-traditional-ira.htm/feed/ 2 My Traditional IRA contribution for 2006 year was not covered in my 06 taxes. How do I get the tax credit? http://retirementplanningnow.net/my-traditional-ira-contribution-for-2006-year-was-not-covered-in-my-06-taxes-how-do-i-get-the-tax-credit.htm/ http://retirementplanningnow.net/my-traditional-ira-contribution-for-2006-year-was-not-covered-in-my-06-taxes-how-do-i-get-the-tax-credit.htm/#comments Sun, 11 Apr 2010 02:51:20 +0000 admin http://retirementplanningnow.net/my-traditional-ira-contribution-for-2006-year-was-not-covered-in-my-06-taxes-how-do-i-get-the-tax-credit.htm



I rolled over the amount in my traditional IRA to a Roth last year. Therefore, I’m being hit based on my 1099-R with taxes on my Conversion to the Roth. The Traditional IRA contribution for the 2006 year, was placed AFTER I had filed my 2006 taxes. How do I get this credit/deduction applied to my 2006 taxes?




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]]> http://retirementplanningnow.net/my-traditional-ira-contribution-for-2006-year-was-not-covered-in-my-06-taxes-how-do-i-get-the-tax-credit.htm/feed/ 3