The IRS comes looking for its cut no matter what you buy and sell. The only difference is whether it taxes your profits as capital gains or as income. If you are buying and selling gold as an investment, you must normally pay long- or short-term capital gains taxes, depending on ...
A qualified retirement plan, such as your 401(k) plan at work, is a great place to set aside money for your golden years. Not only can you fund these plans with pretax contributions, but your ...Read More
You can invest Individual Retirement Arrangement money in rental houses, but you can't do it directly with your existing traditional or Roth IRA. To be able to buy alternative investments such as ...Read More
When you leave your job, you get to take some or all of your 401(k) with you. If you deposit it in a bank, you pay tax on everything you withdrew. There's no tax, however, if you roll the money over ...Read More
Individual retirement account rules allow you to invest in certain precious metals with your IRA money, including Silver American Eagle coins. To purchase the coins with your IRA you need an account ...Read More
When you are considering where to invest for your retirement, the potential tax advantages of an IRA merit your attention. You may be able to contribute pretax dollars and accumulate investment ...Read More
The deadline for executing a Roth IRA conversion for a given tax year is Dec. 31 of that year. This can cause some confusion, since you generally have until April 15 of the following year to add new ...Read More
College expenses, including tuition and room and board, averaged $13,600 a year for an undergraduate degree at a public university in 2012, according to the National Center for Education Statistics. ...Read More
A Roth individual retirement account is a retirement program that allows you to collect tax-free income when you retire. But you don’t get a tax deduction for Roth IRA contributions during your ...Read More
When you save for retirement, you can adjust your portfolio through the years to reflect your needs. For example, when you are young, you can afford to take some risks because you have time to ...Read More
Your grandchild is not thinking about retirement right now. He is thinking about school, friends and dreams. The financial experts all agree that starting an individual retirement account for your ...Read More
Traditional individual retirement accounts and brokerage accounts are taxed under two different systems: IRA accounts fall under income tax rules, while investments in brokerage accounts held outside ...Read More
Roth accounts provide savers a way of securing tax-free funds in their retirement. Contributions made to a Roth account aren’t tax deductible, but as long as certain criteria are met, distributions ...Read More
Self-directed individual retirement accounts give you access to many less-familiar types of investments, such as energy unit trusts. This type of investment is a royalty trust, meaning that the trust ...Read More
The Internal Revenue Service doesn’t make you pay taxes on money you withdraw from a Roth individual retirement account once it is five years old and you reach age 59 1/2. With such a good tax ...Read More