Tag Archives: ira withdrawal rules

Nondeductible IRA – When Are They Useful?

Nondeductible IRA

Is a nondeductible IRA useful, or should this be avoided at all costs? This type of retirement account does not offer tax free distributions like a Roth IRA does, or the up front tax advantages that the traditional IRA deduction

Spousal IRA Rules And Contribution Limits

Spousal Ira

What is a spousal IRA, and what are the rules and contribution limits for this type of account? Normally a contribution to an IRA must come from taxable income that the account holder has, and if you have no taxable

IRA withdrawal rules: Regular Vs. Roth

IRA Withdrawal Rules

The IRA withdrawal rules may be different, depending on whether the IRA account is a traditional one or a Roth IRA variety. Any withdrawals from a traditional IRA account are taxed using the ordinary income tax, because these account contributions

How Is Roth IRA Eligibility Determined?

Roth IRA Eligibility

How is Roth IRA eligibility determined? There are a number of relevant factors that are used to determine whether a Roth is the right choice in your specific situation, and also whether you can use this option at all. The