Anyone Has Idea On Traditional Ira?

[edisav_edava]

need some info....

edo tax refund ekkuva vasthadi...and that retirement amount can be used to do trading kuda anta...the only thing is we shudnt remove that money to avoid penalty and taxes on the amount..


so..help me out if anyone has idea on this???

[littlestar]

401k ki ee IRA ki kuda difference cheppandayya

[subbayya]

[quote name='Little Star' timestamp='1362603055' post='1303376287']
401k ki ee IRA ki kuda difference cheppandayya
[/quote]



naku avasaram ayyi nenu monna Wells Frago bank ki velli kanukkunna mama..... 401K employer offer chesedi anta you can invest where ever you want I think mostly in mutual funds but not trading. But IRA mana own investment up to $5500 year max IRA ki pay cheyyochu anta. IRA tho trading, investments cheyyochu anta... but bokkadithe account ichinodi responsibility em vundadhu poyina money ki..but advises istharu anta ekkada invest chesthe better ani.... Moreover neeku current 401k vunte danni IRA ki rollover chesukovachu anta....

Traditional IRA's tax deductable... but neeku 65 years vache lopala vatini withdraw chesthe tax+ 10% penality vuntadi anta.

Roth IRA's are not tax deductable at the same time with draw chesukunna tax padadhu anta...


But, 401k benefit enti ante nuvvu koncham contribute chesthe employer 3-5% contribute chesthadu...(This is major benefit).... IRA's self employed and individual small business owners ki.....

Hope this helps.

Neeku inka better info kavali ante edanna major bank ki velli info kanukko weekend they will advice you better.

[edisav_edava]

[quote name='subbayya' timestamp='1362607017' post='1303376653']
naku avasaram ayyi nenu monna Wells Frago bank ki velli kanukkunna mama..... 401K employer offer chesedi anta you can invest where ever you want I think mostly in mutual funds but not trading. But IRA mana own investment up to $5500 year max IRA ki pay cheyyochu anta. IRA tho trading, investments cheyyochu anta... but bokkadithe account ichinodi responsibility em vundadhu poyina money ki..but advises istharu anta ekkada invest chesthe better ani.... Moreover neeku current 401k vunte danni IRA ki rollover chesukovachu anta....

Traditional IRA's tax deductable... but neeku 65 years vache lopala vatini withdraw chesthe tax+ 10% penality vuntadi anta.

Roth IRA's are not tax deductable at the same time with draw chesukunna tax padadhu anta...


But, 401k benefit enti ante nuvvu koncham contribute chesthe employer 3-5% contribute chesthadu...(This is major benefit).... IRA's self employed and individual small business owners ki.....

Hope this helps.

Neeku inka better info kavali ante edanna major bank ki velli info kanukko weekend they will advice you better.
[/quote]

maa employer ivvadu..consulting kada....so planning for traditional ira...so dantlo

trading mana istamaina stocks tho cheyocha..??

or vallu ichina list lone anukunta kada...

eh broker deggara em em stocks unnayo telusukovalante ela..???

[littlestar]

[quote name='subbayya' timestamp='1362607017' post='1303376653']



naku avasaram ayyi nenu monna Wells Frago bank ki velli kanukkunna mama..... 401K employer offer chesedi anta you can invest where ever you want I think mostly in mutual funds but not trading. But IRA mana own investment up to $5500 year max IRA ki pay cheyyochu anta. IRA tho trading, investments cheyyochu anta... but bokkadithe account ichinodi responsibility em vundadhu poyina money ki..but advises istharu anta ekkada invest chesthe better ani.... Moreover neeku current 401k vunte danni IRA ki rollover chesukovachu anta....

Traditional IRA's tax deductable... but neeku 65 years vache lopala vatini withdraw chesthe tax+ 10% penality vuntadi anta.

Roth IRA's are not tax deductable at the same time with draw chesukunna tax padadhu anta...


But, 401k benefit enti ante nuvvu koncham contribute chesthe employer 3-5% contribute chesthadu...(This is major benefit).... IRA's self employed and individual small business owners ki.....

Hope this helps.

Neeku inka better info kavali ante edanna major bank ki velli info kanukko weekend they will advice you better.
[/quote]
kallaki kattinattu cheppinav Subbayya

[subbayya]

[quote name='edisav_edava' timestamp='1362607150' post='1303376667']
maa employer ivvadu..consulting kada....so planning for traditional ira...so dantlo

trading mana istamaina stocks tho cheyocha..??

or vallu ichina list lone anukunta kada...

eh broker deggara em em stocks unnayo telusukovalante ela..???
[/quote]


Adi naku antha idea ledu mama...But, general ga trading ante public issued companies evaina konukko vachu kada....restriction enduku pedatharu.