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  Topic: Traditional to ROTH IRA Conversion withdrawls
efflandt

Replies: 8
Views: 12395

Post image iconForum: Retirement Planning   Posted: Wed Oct 15, 2008 5:12 am   Subject: Traditional to ROTH IRA Conversion withdrawls
Note that while any IRA "contributions" have to be cash, IRA to Roth IRA conversions can be done "in kind" (transferred without cashing them out) if the same investments are available in both accounts ...
  Topic: Take capital loss in taxable account and buy in IRA?
efflandt

Replies: 10
Views: 6409

Post image iconForum: Retirement Planning   Posted: Wed Oct 08, 2008 11:30 pm   Subject: Take capital loss in taxable account and buy in IRA?
It is not really clear how IRB 2008-3, Rev. Rule 2008-5 applies to an IRA since buying or selling within the IRA has no tax implications at that time.

In the example cited, the bonds never left con ...
  Topic: what to do with cash?
efflandt

Replies: 11
Views: 12304

Post image iconForum: Investing, Stocks and Bonds   Posted: Wed Oct 01, 2008 10:52 pm   Subject: what to do with cash?
Roth IRA contributions are not deductible anyway, but any gains grow tax free.

Deductibility of traditional IRA contributions depends upon whether you are "eligible" for a retirement plan at work ( ...
  Topic: Credit Counseling please advise
efflandt

Replies: 5
Views: 10351

Post image iconForum: Credit & Loans   Posted: Sun Sep 28, 2008 10:42 pm   Subject: Credit Counseling please advise
You have to be careful about whether they are actually giving you a lower interest loan that will pay off the credit cards or doing something else.

Some just take your money and hold it (removing t ...
  Topic: Trading with Fidelity
efflandt

Replies: 6
Views: 2133

Post image iconForum: Investing, Stocks and Bonds   Posted: Fri Sep 19, 2008 11:27 pm   Subject: Trading with Fidelity
Fidelity's trade fees for stocks or ETF's run from $19.95 to $10.95 to $8.00 depending upon assets you have there (that are not employer accounts or managed by a financial advisor) and/or trades/year. ...
  Topic: 401k harship withdrawal
efflandt

Replies: 5
Views: 3760

Post image iconForum: Credit & Loans   Posted: Mon Sep 15, 2008 11:24 pm   Subject: 401k harship withdrawal
If the 401k is with a current employer and you are not what the plan considers retirement age, you usually cannot cash out a 401k or can only take a loan from it for limited purposes. 2 issues with a ...
  Topic: IRA Roller over to Roth?
efflandt

Replies: 3
Views: 3890

Post image iconForum: Retirement Planning   Posted: Mon Sep 15, 2008 10:56 pm   Subject: IRA Roller over to Roth?
I have both an IRA and Roth IRA at Fidelity and can convert with a phone call. I specifically tell them "no withholding" since I have that covered by W-4 withholding adjustment. But depending if or ...
  Topic: tax on stock gains
efflandt

Replies: 13
Views: 3928

Post image iconForum: Investing, Stocks and Bonds   Posted: Wed Jul 30, 2008 11:10 pm   Subject: tax on stock gains
Unless you are into stock trading as a business and elect to do mark-to-market specific to that, you only pay capital gains on stocks you actually sell. If you held the stock for over a year before s ...
  Topic: Home Equity Line of Credit
efflandt

Replies: 2
Views: 2428

Post image iconForum: Credit & Loans   Posted: Tue Jul 29, 2008 11:44 pm   Subject: Home Equity Line of Credit
Borrowing money only for the interest deduction, or so itemized deductions exceed standard deduction is false logic. It is a deduction from your taxable income not a tax credit. Depending upon your ...
  Topic: Retirement Cash Out...How Big a Hit ???
efflandt

Replies: 6
Views: 4935

Post image iconForum: Retirement Planning   Posted: Sun Jul 27, 2008 9:42 pm   Subject: Retirement Cash Out...How Big a Hit ???
I do not know if or what it would cost you to cash out of the mutual funds themselves. "Contributions" in a Roth IRA are after tax, so they can be withdrawn at any time with no tax or penalty. Howev ...
  Topic: Does any property based investment gives you dwelling along
efflandt

Replies: 7
Views: 4630

Post image iconForum: Retirement Planning   Posted: Tue Jul 22, 2008 12:19 am   Subject: Does any property based investment gives you dwelling along
Since this is a retirement planning forum, something to note is that you cannot invest any IRA or other tax sheltered retirement funds in something you or familiy use, control, or benefit from persona ...
  Topic: Building Credit.
efflandt

Replies: 34
Views: 18342

Post image iconForum: Personal Finance   Posted: Sun Jul 20, 2008 12:19 am   Subject: Building Credit.
Many cell phone plans have a contract for a period of time in order to get a free phone or discount on the phone. So it is quite possible that the $150 is an early termination fee. For example at Ve ...
  Topic: Can I take out money from my credit card w/o a $$ advance???
efflandt

Replies: 2
Views: 2544

Post image iconForum: Credit & Loans   Posted: Thu Jun 05, 2008 11:51 pm   Subject: Can I take out money from my credit card w/o a $$ advance???
A cash advance from a credit card is usually at a higher interest rate than purchases that starts immediately when taking the cash advance, besides the 3% or whatever cash advance fee. In that case i ...
  Topic: 401K Rollover
efflandt

Replies: 8
Views: 4432

Post image iconForum: Retirement Planning   Posted: Wed Jun 04, 2008 11:21 pm   Subject: 401K Rollover
I had an IRA at an insurance company and an IRA CD that I transferred to Fidelity (I opened the IRA at Fidelity and then initiated direct transfers from there). I also opened a Roth IRA.

I am grad ...
  Topic: Roth IRA vs traditional
efflandt

Replies: 10
Views: 11305

Post image iconForum: Retirement Planning   Posted: Wed Jun 04, 2008 6:41 am   Subject: Roth IRA vs traditional
With a Roth IRA you can withdraw (already taxed) contributions at any time with no tax or penalties. Plus you can also withdraw up to $10,000 of unqualified gains to buy build, or modify your first h ...
 
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