Comments on: The Roth IRA Rules http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/ Debt free, financially independent and retired early Sun, 31 Jan 2010 22:17:54 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Your Roth IRA http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/comment-page-1/#comment-106089 Your Roth IRA Tue, 14 Jul 2009 13:51:49 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-106089 Just a note that the figures for “The Phase-Out Rule” have changed since 2008. For 2009, they are as follows… Single $105,000 - $120,000 Married Filing Jointly $166,000 - $176,000 And for 2010, while the income limits remain in effect, the income limits for a Roth IRA conversion disappear. So if you earn too much to contribute to a Roth IRA, make non-tax deductible contributions to a Traditional IRA instead. Then convert the Traditional IRA to a Roth IRA in 2010. -Britt Just a note that the figures for “The Phase-Out Rule” have changed since 2008.

For 2009, they are as follows…

Single $105,000 – $120,000

Married Filing Jointly $166,000 – $176,000

And for 2010, while the income limits remain in effect, the income limits for a Roth IRA conversion disappear.

So if you earn too much to contribute to a Roth IRA, make non-tax deductible contributions to a Traditional IRA instead. Then convert the Traditional IRA to a Roth IRA in 2010.

-Britt

]]> By: mnc http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/comment-page-1/#comment-39768 mnc Wed, 23 Apr 2008 17:16:31 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39768 There are circumstances where you can deduct a loss on a Roth IRA but you need to be careful. Check out this link for more information: http://www.investopedia.com/articles/retirement/05/012505.asp There are circumstances where you can deduct a loss on a Roth IRA but you need to be careful. Check out this link for more information:

http://www.investopedia.com/articles/retirement/05/012505.asp

]]> By: Theda Meyers http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/comment-page-1/#comment-39760 Theda Meyers Wed, 23 Apr 2008 15:34:05 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39760 In my Roth Ira amongst other Equities, I had bought a stock XX valued at $ 9,060.00 My R.I. is kept with a brokerage house. The company XX went bancrupt and I lost my money. The company XX was deleted fom my account. In 12 years my R.I. has not grown at all. It was a mix of stocks mutual funds and CD's. I did not have success with the R.I. and I want to close it. Can I anyway deduct the loss from company XX??? Sincerely, Theda In my Roth Ira amongst other Equities, I had bought a stock XX valued at $ 9,060.00
My R.I. is kept with a brokerage house. The company XX went bancrupt and I lost my money. The company XX was deleted fom my account.

In 12 years my R.I. has not grown at all. It was a mix of stocks mutual funds and CD’s.

I did not have success with the R.I. and I want to close it.
Can I anyway deduct the loss from company XX???

Sincerely,

Theda

]]> By: Movingonup! http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/comment-page-1/#comment-39674 Movingonup! Tue, 22 Apr 2008 18:48:31 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39674 Thanks for the the help. I always get those mixed up. Thanks for the the help. I always get those mixed up.

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