Welcome! | Ask A Question
Asked 2/9/2011
|
IRA questions get one.. dont get one? I cashed out a life insurance policy with the cash surrender value at 10k because the company that had it started withdrawing money to pay for this that & everything.
|
Answer 1/1 - Submitted 2/17/2011
A lot depends on your tax bracket and other considerations. It might be best to go into this in more detail with your tax person, with a financial planner, or with an investment house such as Fidelity, Vanguard or T. Rowe Price. Keeping it in a savings account is probably not your best move, as interest rates are so low right now.
If you are over 50, by the way, you can put $6,000 a year into an IRA.
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
If you move money out of a 401k and into an ira and you make no changes to the stocks you have, does the money grow at the same rate with the ira as it did with the 401k? also, what are the benefits of an ira over a 401k. in addition, what is the difference in a roth ira and a traditional ira.
I stated a job in july 2007 that has a 401k and retirement benefits. prior to that i had been making regular deposits in my ira account. i am 60 years old and have deposited $2,800 in my ira and $1,981 in the company ira (which is matched up to 50%). the retirement account at the company is currenly...
Are simple ira accounts regulated the same as 401k accounts? my employer signed an agreement to match my contributions for 2008. they have not contributed a red-dime. also, the money withdrawn from my payroll check for my simple ira has not been put into my ira account. please help!
|
If you move money out of a 401k and into an ira and you make no changes to the stocks you... |
|
I stated a job in july 2007 that has a 401k and retirement benefits. prior to that i had... |
|
Governing regs. for simple ira accounts Are simple ira accounts regulated the same as 401k accounts? my employer signed an agreement... |
|
How long does an employer have once received the rollover info from their 401 to my own ira I have already an ira and filled out forms and was told to send to the employer. last day... |
|
What are the rules and tax consequences of rolling over a 401k to a roth ira? I recently changed jobs and will be rolling over my 401k from the past employer to either... |
|
Contribution to ira deductible? Both my wife and i have 401k plans where we work. we were not able to contribute any money... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.