I need this info to figure out my IRA cost basis but can't find the contribution limits.  I always contributed the maximum so if I can find the maximums, then I'm set. thank you
208397
1990 - 2000 limit is $2,000\n2001 - 2004 limit is $3,000\n2005 - 2007 limit is $4,000\n\nGot this information from this website.\n\nhttp://www.invesmart.com/discussion_topics/pension_reform.pdf
529626
I'd also like to add that the funding of a Roth or any other IRA is by calendar year Jan1-Dec31. You may also make a contribution and designate it for 2006 anytime prior to the 2007 tax filing deadline on or about April 15th. The limit she can contribute for 2006 is $4,000 or the amount of earned income, whichever is less.\n\nVanguard, Fidelity, and T. Rowe Price are all good companies and your mother decides on what type of investments she wants based on her risk tolerance.
487866
Let me make sure I understand the question.  Are you saying you are taking out an early distribution from your IRA of $40,000 and want to shelter all of it from the 10% early distribution penalty?  Well, first of all, you only have $10,000 per person per lifetime of 1st time home buyer's exemption.  Of course, if there are two of you, each can pull out $10,000 from their own IRAs.\n\nIt looks like you are reading Publication 590.  Good.  The phrase that is confusing to most people is "The part not subject to the tax is generally the amount that is not more than the qualified higher education expenses (defined later) for the year...".  What they are saying is that the amount you can exempt for education can not be more than the amount you paid for education.  They are not saying you can't include other exemption items on top of the education exemption items.\n\nSo, if you paid $11,000 for tuition, fees, books, supplies, and equipment regardless if it was from a loan, a gift, or from your own wallet, but not from a scholarship or grant, and if you paid at least $10,000 for a house, and if your medical expenses exceeded 7.5% of your AGI by $2,000 (regardless if you use a Schedule A), then you can pull out $23,000 from your IRA and not be penalized.  Don't forget that even though you avoid the penalty, you will still have to include the amount you pull out as taxable income in the year you pull it out.  There is nothing you can do to avoid that.
78243
www.salary.com is a great site to find information.  We had to do a similar project for my Advanced Algebra II class, where we made a budget and everything.  That site is awesome and it really helps.  It even tells you how much after taxes and everything.
340501
No questions... contribute 4%.  You can't pass up free money.\n\nAlso, if you qualify, start adding your yearly $4000 into a Roth IRA.  Save now and you will be a millionaire in 20 years.  Trust me.
54559
Ages always mean from date of birth.\n\nWith a traditional IRA, once you reach age 59½, the threat of the 10% penalty disappears. You can withdraw as much from your regular IRAs as you want, penalty-free. Cash coming out of the account is taxable in your top tax bracket, except to the extent that it represents a return of nondeductible contributions
337810
You have to crunch the numbers. There are calulators all over the net. Enter "refinance calculators" into Google.
311525
Hire an accountant who practices before the IRS.  If you have all the docs required, great.  If not, get them from your broker where you cashed in the IRA.  This one is a breeze
65484
I am certain that you can NOT take losses on a Roth IRA. I know that you Can't take such loses with a 401K and assume the same would apply.
220425
You cannot continue to make contributions after your employment terminates.\n\nYou can file for reimbursements up until your employers' deadline for the plan year, up to the amount you contributed for this plan year.
643133
cost basis for all 468 shares is $570.  However, that assumes there has been no reinvestment of dividends.  \n\nDo you know if this stock has ever paid any dividends?  If it did you should have paid tax on the dividends, and need to adjust the cost basis to add in the amounts used to purchse additional shares.  \nIf for some reason you don't know the amounts, you can always ignore that when you sell and just assume the cost basis is $570 - you'll end up paying more tax than necessary, but should not get in trouble with the IRS. \n\nDiscalimers: The above is my opinion.  I am not authorised or licensed to give any investment, tax or legal advice.
232545
On January 1, you can make your 2007 Roth IRA contributions The latest this can be done is actually April 15, 2008, but early contribution allows an extra 14 months of tax-free growth.
568899
You may be able to borrow some from your IRA account but I would not recommend it.  Typically it would be for a home purchase and not home improvements.  Honestly I am not certain so you may want to take a look at publication 590 from the IRA that details out the rules for the IRA in plain english (which helped me quite a bit!)
659018
Paula M is WRONG.\nYou can have all 3.  As VinTek said, your combined contributions in both Traditional and ROTH IRA cannot exceed $4000/tax year.  You can spread this $4000 across any number of accounts you want.\n\nROTH IRA is NOT NECESSARILY better than Traditional IRA as VinTek implied.  For tax purposes, if you want to bring down your AGI, and if you're eligible ( since you're married - filing seperately/Jointly...Your AGI etc. ), you may prefer Traditional IRA today instead of TAX FREE advantage of ROTH IRA down the line.\n\nIf you have patience, you might want to go thru' the link below:\nhttp://www.401khelpcenter.com/2006_limits.html\n\nAlso check out http://www.401khelpcenter.com/
239909
i hope this helps...\n\n   https://www.militaryfinancial.com/index.asp
253374
Certain data is only available in monthly format, and April is the last completed month so far.\n\nCall your broker or financial advisor for more up-to-the-minute data!
84769
IRAs generally have some advantages over a 401K.\n\nThe biggest one is that you aren't as limited in your investment choices.  The typical 401k may have 9-10 funds to select from.  IRAs are pretty much unlimited.\n\nHowever, without knowing what costs your company covers for you in the 401K, this is a pretty difficult question to answer.