Traditional IRA

Why Was I Taxed On An Early IRA Distribution?

Q: My husband and I each took $10,000 early IRA distributions to help pay for a construction loan on a new house. The amount is exempt from the 10% penalty but I do not understand, when it comes to taxes, why it is considered taxable income when I paid income taxes on that money before […]

Why Was I Taxed On An Early IRA Distribution? Read More »

Should I Roll Over My IRA Account into a ROTH IRA?

Retirement / Lynnette Khalfani-Cox, The Money Coach / rollover, Roth IRA, Traditional IRA

Q: Should I roll over $30,000 in my traditional IRA account into a ROTH IRA? I am 50 years old. A: Although the earnings in both types of retirement accounts grow tax-deferred, for longer-term financial planning, I like the benefits of the ROTH IRA over the Traditional IRA. Additionally, recent changes governing IRAs make it more financially

Should I Roll Over My IRA Account into a ROTH IRA? Read More »

Stay Connected

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

Do Not Sell My Personal Information / Acceptable Use Policy / DSAR / Cookie Policy

Disclaimer / Limit the Use of My Sensitive Personal Information /

Hosting by Hostinger

Traditional IRA

Why Was I Taxed On An Early IRA Distribution?

Should I Roll Over My IRA Account into a ROTH IRA?

Stay Connected

Subscribe