IRAs

You can roll over money from a standard 401(k) or 403(b) into a Roth IRA. This, however, would be termed a “Roth conversion,” and you’d have to record the money as income and pay ordinary incometaxes on it at tax time. Can 403b be transferred? You can’t transfer assets from your 403(b) if you’re under […]

You can withdraw your Roth IRA contributions tax-free and penalty-free at any time. However, earnings in a Roth IRA may be subject to taxes and penalties. If you take a distribution from a Roth IRA before reaching the age of 591/2 and the account has been open for five years, the earnings may be subject

Because your brokerage account isn’t a qualified retirement plan, you can’t transfer money to your Roth IRA like you may from another retirement account, even if it’s a direct transfer. Because it’s a conversion, not an annual contribution, there’s no restriction on how much money you can move from a regular IRA to a Roth

In an IRA, you can’t sell stocks short. To go short, you’d have to buy an inverse ETF. You can sell short any futures market in futures trading (the same way you can go long the same market). As a result, if you invest with a commodities trading adviser (CTA), the CTA can go long

The IRS only prohibits a limited number of transactions with an IRA, such as borrowing money from it, using it as collateral, or selling property to it. Collectibles, including as works of art, rugs, stamps, and coins, must also be avoided in your IRA. Stocks are not permitted in restricted IRA accounts. Can I sell

For a youngster with earned income for the year, a Roth IRA for Kids can be formed and contributions made. Roth IRAs allow you to grow your money tax-free. The earlier your children begin saving, the better their chances of amassing a sizable savings account. A Roth IRA for Kids is managed by an adult

Although you may see brokers touting “A Roth IRA for Kids” (like Fidelity Investments does) or something similar, a child’s IRA doesn’t work any differently than an adult’s IRA, at least not according to the IRS. What is the youngest age to open an IRA? A custodial Roth IRA account for a minor must be

Whether you envision yourself on a tour bus, on a humanitarian mission, or in your backyard garden in the future, you’ll need a solid plan to get there. One method to make sure you’re donating consistently is to leverage the power of automation. Set up automatic payments from your checking or savings account to your

Margin accounts are brokerage accounts that enable investors to borrow funds from their brokerage business in order to purchase securities. The investor is charged interest by the broker, and the securities are used as collateral. Because margin is leveraged, gains or losses on stocks purchased on margin are magnified. Margin accounts are required for certain

Because contributions to a Roth IRA can be withdrawn at any time, it is more flexible than other retirement plans. Can you open an IRA for a newborn? One of the advantages of an IRA is that it can be opened by anyone with a source of income. You can register an IRA in your