IRAs -- FederalSoup.com

Not Too Late to Make Changes to 2016 IRA Contributions-Part I

Although calendar year 2016 is over, some employees may be eligible to reduce their 2016 federal tax liability by contributing to a traditional IRA. Some employees may want to save on future taxes by contributing to a Roth IRA. In the first of two columns discussing 2016 IRA contributions, this week’s column discusses recharacterizations of IRA contributions. View More
Informed Investor: Dec. 31 is MRD deadline for inherited IRA asset owners - Part I

Some employees may have inherited traditional or Roth IRAs from deceased relatives. In the first of two columns discussing minimum required distribution (MRD) rules for IRA beneficiaries, this column presents the MRD rules for nonspousal beneficiaries such as children, as well as MRD deadlines, the “five-year” rule, and how the MRD is calculated. View More
Informed Investor: Dec. 31 is MRD deadline for inherited IRA asset owners - Part II

This is the second of two columns discussing the minimum required distribution (MRD) rules for beneficiaries of traditional and Roth IRAs. The first column discussed the rules for non-spousal beneficiaries such as children. This column discusses the MRD rules for multiple beneficiaries and spousal beneficiaries of inherited IRAs. View More

What is a Saver’s Credit?Feb 11, 2015

A Saver’s Credit, formally the Retirement Savings Contribution Credit, is a tax credit that helps offset part of the first $2,000 you voluntarily save for your retirement through IRAs and work-based retirement savings plans. View More
If I’m not eligible for either a Roth IRA or a tax deduction in a traditional IRA, why would I want to invest in a nondeductible traditional IRA?May 08, 2014

You likely would want to make the maximum allowable investments to the TSP first, since you would gain the advantage of the tax deduction there if investing in a traditional balance, and would have Roth-style investing available to you as well. View More
What about if I’m not eligible for a tax deduction in a traditional IRA but I am eligible for a Roth IRA?May 08, 2014

If your income is too high to deduct a traditional IRA contribution, but not so high as to disqualify you for a Roth IRA, then the Roth IRA would be superior to investing in a nondeductible traditional IRA. View More
If I’m eligible for both a traditional deductible IRA and a Roth IRA, which is a better choice?May 08, 2014
Can I move money from an IRA into the TSP?May 08, 2014
If I invest in the TSP, can I also invest in an IRA?May 08, 2014
I have more than one IRA. Can I invest up to the maximum in each?May 08, 2014
What are the IRA investment limits?May 08, 2014
What are the differing types of IRAs?May 07, 2014