07 Apr Can I open a Roth IRA for my daughter?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

You must meet certain criteria to be eligible for an IRA. ...

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21 Jan Are taxes owed when you invest in a Roth IRA?

Posted at 05:01h in Ask NJMoneyHelp, Retirement, Taxes

You only pay tax when you take distributions from a traditional IRA. ...

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07 Jan Will my Roth IRA be tax free if my adult kids inherit it?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning

A tax-free account is a valuable item to inherit....

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13 Aug Could Congress abolish the Roth IRA?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

Roth IRAs have come under criticism after a report about millionaires taking advantage. ...

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06 Aug I retired. How much can I save to my Roth IRA?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

Most people can make contributions if they have earned income. ...

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08 Jul How can you separate a Roth IRA’s principle and gain?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

If part of a withdrawal is taxable, the calculation of the tax is complicated....

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29 Jun Does a Roth conversion affect my eligibility for a Roth IRA?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

A Roth IRA conversion means you'll have to pay the tax bill now. ...

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30 Mar Can I use severance pay to qualify to save in an IRA?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

There are eligibility requirements to meet before you can invest in an IRA....

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26 Mar Can I pay tax on Roth IRA conversions using other funds?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

It's up to you where you take money to pay your tax bill. ...

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17 Feb Can I use a COVID withdrawal to invest in a Roth IRA?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

There are specific rules to follow when you have a CARES Act withdrawal....

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