Get Answers About Retirement Income

What is the best way to rollover old Pera and TIA CREF accounts?

I have just started a ROTH IRA and I have some money left in my retirement accounts (one PERA and one TIA CREF) from when I worked for the state. Should I leave these accounts open and leave the money in them,...

Answered 11/28/2007 | Answer This | 1 Answer | See Question

Incentive Bonus

What percentage of income taxes should an employer with hold from an employee incentive bonus?

Answered 12/3/2007 | Answer This | 5 Answers | See Question

Incentive Bonuses

What percentage of income tax should an employer with held from an employee incentive bonus?

Answered 11/28/2007 | Answer This | 1 Answer | See Question

Married with dual nationalities and US income taxes.

I am an american citizen. I work in Alaska seasonally. I still need to file 2006 taxes. I married a mexican citizen in 2006(non resident). She works in Mexico as a teacher. I am positive I am owed a refund....

Answered 1/18/2009 | Answer This | 1 Answer | See Question

Head of household

I am the only income coming into a married household. Does this mean that I can claim head of household on next year's taxes? Here's the catch my husband is incarcerated and I am the soul provider for...

Answered 12/1/2007 | Answer This | 1 Answer | See Question

Income from life Insurance

My son recently passed away and I am the beneficiary for his Life Insurance policies. Do I declare this as income on my taxes?

Answered 4/8/2009 | Answer This | 1 Answer | See Question

Claiming dependants

Who classifies as a dependant on federal income tax?

Answered 12/2/2007 | Answer This | 1 Answer | See Question

Writing off domestic cleaning services

Can one write off domestic cleaning services on their federal income taxes?

Answered 12/4/2007 | Answer This | 2 Answers | See Question

Mortagage interest only loans

Standard parent w/kids get back $4500 on tax return> yearly income is $17,000. my second job is not taxable> i pay mortage (interest only) 30,000 at the end of the year. how can i get some of that money...

Answered 5/29/2008 | Answer This | 1 Answer | See Question

I want the most from my paycheck

I would like a bigger paycheck every payday and a smaller income tax return at the end of the year. I have an eight year old son i will be claiming on my taxes. How do i get the most from my paycheck? they are...

Answered 12/4/2007 | Answer This | 4 Answers | See Question

Income tax with last check stub

Can i do my income tax with my last check sutb of the year?

Answered 1/8/2009 | Answer This | 2 Answers | See Question

Tax season

What is the brackett range to receive unearned income? can we used our last check stub for the month of december to filed our taxes? can we borrow off of our income taxes?

Answered 12/4/2007 | Answer This | 1 Answer | See Question

Rental income tax return effect

I have a current mortgage on my townhome in Massachusetts and I am thinking of renting the unit. My current mortgage payment is $1130.58 of which 781.33 is interest and 173.69 goes to taxes. The townhouse was...

Answered 5/8/2008 | Answer This | 1 Answer | See Question

No income, but deductions

I was out of work for the entire year of 2007. I did not collect any unemployment. Even though I have no income to report, I do have deductions and I have in the past itemized deductions. How do I file and claim...

Answered 2/10/2008 | Answer This | 1 Answer | See Question

Additional Income

I need to know if accept a payment from my after tax contributions out of my 401K, if it will cause me to pay taxes? The amount is $14,200 approx. how do I figure that out?

Answered 11/17/2008 | Answer This | 1 Answer | See Question

Filing kids on income taxes

If my kids are born in Dec. 2007 can I still put them on my income tax stuff for when I worked Jan-April of 2007?

Answered 12/9/2007 | Answer This | 1 Answer | See Question

2007 under income credit

What is the under income credit for 2007?

Answered 12/13/2007 | Answer This | 1 Answer | See Question

State income tax

Where does one pay income earned, in the state it was earned or their home state?

Answered 12/9/2007 | Answer This | 2 Answers | See Question

401K withdrawal

Can you withdraw funds from a 401K at any time due to a terminal illness?

Answered 10/13/2009 | Answer This | 2 Answers | See Question

Social Security Disability Income

Is Social Security Disability income taxable? Do I have to file a return for it?

Answered 12/10/2007 | Answer This | 1 Answer | See Question

Do i pay fica taxes on 401k/retirement account income? what percentage?

Answered 8/8/2007 | View Answer | 3 Answers | See Question

Once somebody retires, how do they start getting monthly income from their retirement plan?(401k, ira, etc.)?

Who do they consult, when will they start getting the money, is it all a lump sum or monthly installments? Answers of that nature

Answered 10/13/2007 | View Answer | 2 Answers | See Question

What will be my (income) tax rate for 401k withdrawal after retirement?

Let's say I'm 65 years old now, not yet retiring. My current income is about $200K, so my income tax rate is the highest (state & federal.) In a few years, I will retire and plan to withdraw about $50K...

Answered 7/5/2007 | View Answer | 6 Answers | See Question

Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401k plan that pays 6%?

per year compounded annually. You plan to invest $3500 at the end of each year for the next 20 years. How much will your account have in it at the end of 20 years? $130,520 $127,207 $128,750 $130,048

Answered 10/17/2007 | View Answer | 1 Answer | See Question

How can a middle aged person best reach a desired income for retirement other than company match 401k's.?

I am looking to reach a goal of atleast greater than 500,000. dollars by age 55 and i am 36 yrs. of age now.I am kind of familiar with retirement calculators,but am confident that there are some individuals that...

Answered 7/1/2006 | View Answer | 3 Answers | See Question

Retirement planning: what do i do with my 401k and ira?

Fact: My wife & I will retire at 62, won't live in USA, & will have 3 types of securities-related incomes: my 401k + IRA & her Roth IRA. We have an after-tax-dollars joint mutual fund account. When we reach...

Answered 2/7/2008 | View Answer | 3 Answers | See Question

When calculating how much income is needed at retirement,should money be added for taxes on 401k withdrawal?

I have my current monthly budget, I take out the P&I from my mortgage, take out student loans and add $1300 for health benefits then compund the final amount at 3.15% a year until I retire. Should I then take...

Answered 3/9/2007 | View Answer | 4 Answers | See Question

What percent of your income do you contribute to your 401k or retirement plan?

Me 36%

Answered 6/16/2007 | View Answer | 10 Answers | See Question

I just opened a 401k in oct and have a retirement plan. do these count as 'taxable interest income?' help!

i am trying to file 2007 taxes and i don't think that 401k's and retirement plans are taxable but i tried using some tax calculators and they were asking me if i had a 401k etc so i got confused. this is...

Answered 1/29/2008 | View Answer | 5 Answers | See Question