Janette Higby

Janette Higby

Professional music advocate. Total zombie geek. Professional pop culture fanatic. Subtly charming social media fan. General tv nerd. Freelance tv evangelist.

41 Articles Written
Can parents contribute to a custodial roth ira?

Can parents contribute to a custodial roth ira?

Roth Individual Retirement Accounts (Roth IRAs) are designed to be owned by a single person. However, parents can open a...

Should you put your ira in a trust?

Should you put your ira in a trust?

Transferring an IRA to beneficiaries after a person's death can sometimes be a complicated process, especially if minors...

Do you always have to pay income tax on ira withdrawals?

Do you always have to pay income tax on ira withdrawals?

Generally, the amounts of your traditional IRA (including profits and profits) are not taxed until you make a...

What is the best way to take distributions from 401k?

What is the best way to take distributions from 401k?

The most common way is to take out a loan from the account. This is usually the easiest and fastest way to access your...

Which season is gold cheapest?

Which season is gold cheapest?

On average, gold prices rise during the first two months of the year. Then, gold prices fall during the spring and summer ...

Why should ira not be put in a trust?

Why should ira not be put in a trust?

It's not a good idea to name a trust as the beneficiary of your IRA because the IRA will lose the benefit of tax-deferred ...

Which ira account is tax free?

Which ira account is tax free?

With a Roth IRA, you contribute money after taxes, your money grows tax-free, and you can generally make tax-free and...

How do i report a nondeductible ira distribution?

How do i report a nondeductible ira distribution?

Traditional IRA distributions, SEP or SIMPLE, if you've ever made non-deductible contributions to traditional IRAs....

Can a parent contribute to a child's traditional ira?

Can a parent contribute to a child's traditional ira?

IRA contributions as gifts to children However, they must not exceed the annual contribution limit per year or the...

What is the federal tax rate on withdrawals from an ira?

What is the federal tax rate on withdrawals from an ira?

Whether it's a traditional IRA, a SEP IRA, a simple IRA, or a SARSEP IRA, you'll owe taxes at your current tax rate on...

What is a disadvantage of a roth ira?

What is a disadvantage of a roth ira?

This five-year rule may make it less beneficial to open Roth if you're already in middle age. Read all the disadvantages...

How is money withdrawn from an ira taxed?

How is money withdrawn from an ira taxed?

When you withdraw the money, both the initial investment and the profits earned are taxed according to the income tax...

What coins are worth buying?

What coins are worth buying?

The 10 Best Coins Worth Collecting 01 of 10.Founded in 1976, Bankrate has a long history of helping people make smart...

Does custodial ira require earned income?

Does custodial ira require earned income?

A custodial IRA is an individual retirement account that a custodian (usually a parent) has for a child with earned...

When should i take rmd?

When should i take rmd?

Federal law requires you to start taking RMDs at age 72, but you can start taking them sooner. If you start too soon,...

What is a trustee for ira?

What is a trustee for ira?

An IRA trust is created in the owner's will or while the landlord is alive. The trust is named the beneficiary of the IRA.

How much can a dependent child contribute to a roth ira?

How much can a dependent child contribute to a roth ira?

There is no minimum amount for opening an account. Certain investments, such as mutual funds, require a minimum initial...

What is the tax rate for withdrawing from an ira after 59 1 2?

What is the tax rate for withdrawing from an ira after 59 1 2?

If you make withdrawals in your IRA before age 59 and a half, you may have to pay a 10% penalty in addition to income...

What's the difference between custodian and trustee?

What's the difference between custodian and trustee?

In a single-employer plan, the employer is the sponsor of the plan that establishes an independent trust to hold the...

Should i do a traditional or roth ira?

Should i do a traditional or roth ira?

A Roth IRA or 401 (k) are the most sensible if you're sure you'll have a higher income when you retire than you do now....

What is the best way to take your rmd?

What is the best way to take your rmd?

You can collect your annual RMD in a lump sum or in parts, perhaps in monthly or quarterly payments. However, delaying...

How is money withdrawn from an ira taxed?

How is money withdrawn from an ira taxed?

When you withdraw the money, both the initial investment and the profits earned are taxed according to the income tax...

What is the disadvantage of paying ira through trust?

What is the disadvantage of paying ira through trust?

However, putting an IRA in a trust has its drawbacks. The main of these are the potential tax consequences.

Are coins a good asset?

Are coins a good asset?

Coin collecting can be for everyone and the investment potential is high. For serious collectors or investors, coins are...

How does a custodial roth ira work?

How does a custodial roth ira work?

A custodial IRA is an individual retirement account that a custodian (usually a parent) has for a child with earned...

What is considered earned income for a custodial roth ira?

What is considered earned income for a custodial roth ira?

The rules of Roth IRAs for minors The child must have earned income. If a child has earned income, they can contribute to ...

Who is the trustee of an ira?

Who is the trustee of an ira?

An IRA trustee, also called a custodian, is the institution that manages your IRA. By law, every qualified retirement...

When should i take rmd?

When should i take rmd?

Federal law requires you to start taking RMDs at age 72, but you can start taking them sooner. If you start too soon,...

What is the 4 rule for retirement withdrawals?

What is the 4 rule for retirement withdrawals?

The 4% rule is easy to follow. In the first year of retirement, you can withdraw up to 4% of the value of your portfolio.

Investing in Your Retirement: The Benefits of a Gold IRA Rollover

Investing in Your Retirement: The Benefits of a Gold IRA Rollover

Gold IRA Rollovers: A Smart Move for Your Retirement PortfolioMaking plans for your retirement requires making informed...

Which is better for me roth or traditional 401k?

Which is better for me roth or traditional 401k?

If you expect to be in a lower tax bracket when you retire, a traditional 401 (k) may make more sense than a Roth...

What happens to an ira in a trust?

What happens to an ira in a trust?

When a trust is named as the beneficiary of an IRA, the trust inherits the IRA when the owner of the IRA dies. The IRA is ...

Are taxes automatically taken out of ira withdrawal?

Are taxes automatically taken out of ira withdrawal?

Your Roth IRA withdrawals are tax-free as long as you're 59 and a half or older and your account is at least five years...

Does it make sense to contribute to ira?

Does it make sense to contribute to ira?

The only reason to consider making an after-tax contribution to a traditional IRA is tax-deferred growth. If you had...

How do i figure the taxable amount of an ira distribution?

How do i figure the taxable amount of an ira distribution?

The statement of non-deductible contributions, which will be discussed later in Distributions subject to tax in whole or...

What type of investment is gold considered?

What type of investment is gold considered?

Gold as a dividend-paying asset A relatively small increase in the price of gold can generate significant gains in the...

Who is the custodian of an ira?

Who is the custodian of an ira?

An IRA depositary, such as Pacific Premier Trust, is a highly regulated bank, credit union, or non-custodial bank that is ...

Is a trust company a custodian?

Is a trust company a custodian?

Generally, a trust company is responsible for the administration, management and eventual transfer of assets to...

Is an ira contribution worth it?

Is an ira contribution worth it?

Saving on an IRA can be profitable when you're trying to accumulate enough money for retirement. There are tax benefits...

Who is a custodian of an ira?

Who is a custodian of an ira?

An IRA depositary, such as Pacific Premier Trust, is a highly regulated bank, credit union, or non-custodial bank that is ...

How much is ira monthly?

How much is ira monthly?

Improve your Bankrate experience The investment information provided in this table is for general informational and...