Personal Finance and Money Stack Exchange
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Questions tagged [roth-ira]

To be used for questions related to Retirement Tax saving scheme Roth IRA as applicable in the United States

A Roth IRA is a type of US retirement account where deposits are made with money that has already been taxed, and then the funds grow and may be withdrawn tax free at retirement. The deposited money may be withdrawn tax and penalty free at any time; the growth may not be withdrawn sans penalty prior to age 59-1/2.

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What happens if you contribute to Roth IRA but later find out that you are ineligible?

For 2016 Roth IRA the rules state that: Greater than $193,000 - Ineligible for a Roth IRA Let's say someone makes $200,000 pre-tax salary and wants to contribute $5,500 to Roth IRA in early January 2016. How do they know if they can or can't…
Kamilski81
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Roth IRA Investing

I’m new to investing and I currently have my IRA contributions put into 3 equities and 1 ETF. Beginner question, how do future investments work? How do I keep adding to my ETF over the years? Do I just simply buy shares at whatever the current…
Brad LaFontaine
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Are there annual salary limits to be eligible to contribute to a ROTH IRA account in US?

I am planning to contribute to a ROTH IRA to have a better control on my tax free trading. However I need to know as a single person, if there are certain salary limits to be eligible to make contributions to a ROTH IRA. I would like to know for…
adi
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Contributing to Roth IRA using previous tax year earnings

I am currently a student and I maxed out my Roth IRA contribution for 2020, but I still have “left-over” income saved. Given that I have not yet earned any taxable income for 2021, can I use these excess taxed earnings from 2020 to fund my Roth IRA…
turing_test11
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ROTH IRA eligibility for US Citizens working abroad and claiming FEIE (foreign earned income exclusion)

I've been working overseas for the past few years for a US company and claiming FEIE. My annual salary is roughly 200k, which is over the income eligibility requirements for a ROTH IRA. As a work around for the salary requirements, I was told that…
mega313
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