Personal Finance and Money Stack Exchange
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Questions tagged [ira]

In the United States, an IRA is an Individual Retirement Arrangement, a tax-deferred retirement account.

Taxpayers are generally allowed to deduct contributions to the IRA from their income taxes in the year they are made, up to some government determined limit. Earnings are not subject to ongoing taxes. During retirement, withdrawals from the account are taxed as regular income. This type of IRA is sometimes referred to as a "Traditional IRA" to contrast with the newer "Roth IRA".

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IRA for work and my business

I have a normal day job and another side business. Is it okay to have an IRA and a SEP IRA?
jspooner
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ok for 60+ year-old to make previous-year contribution to TIRA and immediately withdraw funds?

SHORT VERSION: Is it legal for a taxpayer (who is in their 60s and eligible to make a fully-deductible TIRA contribution) to shift taxable income from last year to the this year by making a previous-year TIRA contribution and immediately withdrawing…
RustyShackleford
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Can this Aussie drawdown the funds in 'Traditional IRA ' by way of Credit Card

I am an Australia Citizen by birth. I lived / married an American Citizen (by Birth). My ex Husband set up our IRA's while married. I hold a Traditional IRA with a Financial firm in USA. I am now 61 years young. Divorced from US Husband. My…
ozgal
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What is the difference between IRA account to buy ETF and using a taxable brokerage acct to buy ETF?

if I use IRA to buy ETF, then my money cannot be used for many year. If I use a taxable brokerage account, I can get cash today. However, why do so many people like IRA?
Giordano Fearghas
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Can I borrow stock from my IRA?

I know you can borrow cash for 60 days. But my IRA is 99.9% invested in stocks. It's a traditional IRA. Can I borrow those shares for 60 days, transferring them to my regular brokerage account and using them as margin collateral, then returning…
Buttle Butkus
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is it time to move to index fund

I am going to be 57 years old and have a healthy IRA being currently managed. I am leaning toward moving to an index fund so to limit my risk. I have read information in the past that would indicate in my age bracket you should invest in a less…
user67597
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What is "Sweep Cash"

I recently had my Traditional IRA transferred to another company. When looking at my account, there is a Holdings section that indicates 100% allocation to Sweep Cash. What kind of investment is Sweep Cash? How does it compare to other forms of…
Nathan Merrill
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New Secure 2.0 Act and Charitable Distributions re: Inherited IRAs

I understand that with the new SECURE 2.0 Act it is now possible for IRA holders to combine qualified charitable distributions (QCDs) with a charitable gift annuity vehicle. My question is if anyone understands whether this can be done with an…
AA040371
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Where can I declare that the contribution I made to a traditional IRA was bought with already taxed money?

If I added to my Traditional Ira with after taxed money should I be able to deduct the contribution and do I have to file any special forms to declare that the contribution was purchased with after-tax money.
geraldine schuth
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If I am opening an IRA can I put 2x the limit in and say half is for 2019 and the other half is 2020?

I am finally looking to invest and have some cash on hand over my emergency fund. I do not have an IRA but am contributing to my 401K. I opened a betterment account investing in ETFs for general investing, but have heard about IRAs for a long time.…
Jacob
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$200k in an IRA, unallocated. What's the safest investment?

We have $200k sitting in an e-trade IRA, for retirement. We just rolled the money into this IRA, and the funds are unallocated. We're pretty risk-sensitive, but this money will be untouched for decades, so we'd like it to do at least a little work,…
Anon for this one
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