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At my age,72, what would it cost me to move my 401K,($400,000) into A Roth account? My gross last year after SS, Pension,RMD, etc.was $90,000 My adjusted was 65,000 as I have a Rental property in NC.
Submitted Apr 17, 2012
Re: RMD. Why can''t I withdraw the balance of the basis in my IRA after taking the RMD less the pro-rated basis this year?
Submitted Apr 17, 2012
Can I convert my Minimum Requred Distribution from my IRA into a Roth IRA?
Submitted Apr 16, 2012
I am a 63 year old teacher ,who plans to retire this August . I have a son, who lives with me .he is 28 and was severely disabled before 3 years of age. He has PDD and is on the autism spectrum. I would like to know if he can receive my stoical security when I die? It would help me to leave this world knowing that he had an income to sustain him. thank-you. sandee
Submitted Apr 16, 2012
I was born 6/30/42 and I will be 70 1/2 years old on 12/31/12, so I will have 2 RMD''s in 2013. Is there a way to lessen the impact on my taxes for 2013???? Thank you for your answer.
Submitted Apr 16, 2012
Thank you for applying to my question about tax deferred income pension income not affecting my Social Security. I did understand your reply but I want to be sure my question was clear. I have applied for my benefits and plan to adjust my paycheck by depositing money into my 403b to keep my W2 reported income below the 14,160 p/yr. I will not draw out the pension...
Submitted Apr 16, 2012
I worked in Kuwait from 4/2010-8/2011. I did not have to pay into taxes for the 2010 year, but I am wondering about the 2011 year. I was never out of kuwait for more than 30 days. in fact I only had one vacation during that time lasting 30 days.
Submitted Apr 15, 2012
I just discovered I have 401k rollover money and after tax traditional IRA contributions in the same account. I have never been able to take the tax deduction on the IRA contributions. What will happen when it is time to start taking distributions? Should I separate the funds in two different accounts? Thanks
Submitted Apr 12, 2012
Hi, We are expecting a child later this year and we reside in the San Francisco Bay Area in California. What is the best way to save for college for our child? Is it the 529 plan and if so which one? Also, should the beneficary be in my child''s name or parents name (not sure if this impact financial aid)? Thank you
Submitted Apr 11, 2012
Hello there, My name is Luqman Haroon and I am a dual citizen of the US and the Kingdom of Bahrain. I am currently seriously considering an employment offer to move to Dubai, UAE, to take up full time employment in June of 2012. My salary will work out to a megre $57,446 once it is converted from AED to USD. I am currently employed in the US with a Gross...
Submitted Apr 9, 2012

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