Archive for April, 2008
Ira Withdrawal Taxation
April 10th, 2008
Question: Is it legal and all to have both a Standard Accounts with my discount online broker and a Roth IRA?
Notice I’m not asking if it is ok to have a IRA and a Roth IRA. I’m asking is it legal and all to have a Standard Account and a IRA whether regular IRA or Roth.
So with the Standard I can withdrawal whenever without penalty with taxation an all when the time comes around and save for retirement a million years from now with a Roth.
Answer: Yes.
Retirement Plans & Investments : Taxation of Nondeductible IRA Contributions
Posted in IRA Withdrawals | 
Tags: ira withdrawal taxation, roth ira withdrawal taxation | 
No Comments »