Comments on: Roth IRA Basics in a Question and Answer Format

By: Paul

Paul — Sat, 09 Jan 2010 17:10:18 +0000

In 2008 I put 3000 in Roth took out 1500 for an emergency. AGI was 155K for 2008. Full contribution in 2009 dividends re-invested. Now come to find out that my AGI was about 185K. Already started contributing for 2010. What do I do? Should I pull it out and…???

By: Jackie Thornton

Jackie Thornton — Tue, 05 Jan 2010 17:07:29 +0000

When I start withdrawing my traditional IRA and Roth IRA money and pay the taxes, will I in anyway be double taxed on my Roth IRA since I already paid taxes on that money?

By: Norm

Norm — Wed, 30 Dec 2009 20:10:32 +0000

I have been unemployed the whole year with no earned income. Can I contribute some of my unemployment money to a Roth IRA?

By: Nikki

Nikki — Tue, 08 Dec 2009 01:35:01 +0000

I’m active duty as well…just read Josh’s post (13 July) and have similar questions. I didn’t really see where anyone answered him (maybe I missed it), but here’s my situation – military, married, kids, can afford about $200 per month contribution, eligible to retire in 6 or up to 10 years (prior enlisted officer) at 40-45 years of age, plan to get another job afterward. I always hear/read about stock/cd/bond Roth IRAs. I’m not too savvy when it comes to all that. How do cash ROTH IRAs work? Which companies have the best interest rates? Is it like a savings account that you don’t touch until you’re at least 59.5 years? Thanks.

By: Steve

Steve — Sun, 06 Dec 2009 17:33:26 +0000

Very informative post. Also worth noting that the contribution limits stay the same in 2010.

By: Anna

Anna — Mon, 30 Nov 2009 04:59:35 +0000

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By: Ken

Ken — Wed, 18 Nov 2009 18:02:20 +0000

I am new to this… very new and I have a question. It might be a dumb one, or one that doesn’t make any sense. Ok, let’s say I start a Roth IRA at age 24. As an individual it is ok for me at this time because I am not married. Now let’s say I get married within 5 years. Does this affect my individual Roth IRA?

What I mean is that by first doing this young like me then getting married is that still ok? I know you touched up on it in your seceond to last qusetion, but I was curious about this part.

Sorry if my question doesn’t make any sense, which it probably doesn’t but any information would be helpful thanks!

By: Stephen Settle

Stephen Settle — Wed, 18 Nov 2009 15:05:46 +0000

IRA is a good thing. This one is a really nice investment article. Would save my time, so i have bookmarked it.

By: BEBE

BEBE — Thu, 15 Oct 2009 19:54:07 +0000

Very easy to read and to understand. I like simple stuff and straight forward.

By: Evgeniy

Evgeniy — Mon, 28 Sep 2009 16:10:49 +0000

IRA is a good thing. But the government should regulate risks of the operating companies necessarily