what is the difference between an IRA cd and a conventional cd?
151555
The IRA CD grows tax-deferred or tax-free (if a ROTH) until the IRA is closed out (usually at retirement age 59 1/2 yrs+). The conventional CD is in a taxable account, so earnings/interest are taxable each year.  Both CD's are investments, however they are sitting in different kinds of accounts which dictate when taxes will be paid.
793313
Both 401K and 403B are vehicles for tax deffered saving plans.  403B are usually with not-for-profits organizations and are a little different but not by much.  These are money is not taxed until you take it out.\n\nIRA are Individual Retirement Accounts and the money that is put in has already been taxed.  \n\n401k and 403 b are from either your place of work.
826571
Individual Retirement Account, if your money is before taxes you can contribute to a traditional IRA, this means you earn interest on the untaxed money. You are taxed when you make take the money out at retirement. Roth IRA, you take money that has already been taxed and are able to draw from it at retirement, without taxes. This is rumored to have been named for Ira Cohen, an IRS actuary who was working with them back in 1974. You can go to just about any bank, credit union, or find a financial advisor to explain in detail all aspects, what is allowed, what is not allowes (such as drawing out your money before age 59.5).
431020
Here is a very thorough and point-by-point comparison of these two products:\n\nhttp://financialsoft.about.com/od/reviewsfinancesoftware/a/MDel06vsQDel06.htm
440773
There are different types of IRAs.\n\nThe maximum limits are: (figures for year 2005)\nSEP IRA - 100% of earned income or $40,000 whichever is lower\nROTH IRA - 4,000 or 4,500 if over 50\nTraditional IRA - 4,000 or 4,500 if over 50\nSimple IRA - 10,000\n\nHowever, there are limitations on the contribution if your income is too high or if you're qualified to contribute to an employer retirement plan.\n\nTry these links:\nhttp://www.fool.com/money/allaboutiras/allaboutiras09.htm\nhttp://www.irs.gov/publications/p590/index.html
1009135
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!)
54030
What type of investment is going to held in the IRA? Stocks, mutual funds, cds?\n\nThis not a pyramid scam. From what I hear they are a reputable company. \nYou should get an IRA for yourself, it whether it is with them or another company. The most important thing is the investments being held in IRA. You want to look at past performance of the investment as well as the consistency of the investment. Look for one with consistently good returns not necessarily the highest return last year.
787804
Are you thinking of a ROTH IRA?  It is named after the author of the bill allowing/creating this type of investment that allows for tax free withdrawals at retirement because the contributions have already been taxed.  Unlike a traditional IRA where the contributions are pre-tax and you pay the taxes once you begin withdrawing at retirement.\n\nRoth was the legislator who contrived this investment.
947919
Your question is not clear.  If you are referring to a roll-over of a 401K or IRA, then the rules are the same regardless of the State, because these are Federal laws.
1176821
I think...your question...is kinda confusing.  There is the Tradional IRA, Roth IRA and 401(k).  I am not sure there is anything such as Tradional 401(K).\n\nif you're talking about 401(k) - you can move your 401(k) from previous employer to your current employer's 401(k) , OR if you want more options, besides 10 or so mutual funds your current employer offers ( or similar number of funds offered by your previous employer ), you will be better off, rolling your 401(k), into a ROLLOVER IRA. Of course, everytime you trade you're going to pay commissions, which may not be the case in 401(K)\n\nif you're talking about Traditional IRA to ROTH IRA : if you meet certain IRS criteria ( such as be Single, or file jointly if you're married and above all have a Adjusted Gross Income of less than 100K. )  If you think you're going to be in the same Tax Bracket as you are today or above that, when you're 50s ( i think 57 or something like that ),  you will be better off, paying taxes on your earnings in your traditional IRA, TODAY,  at your current lower federal income tax  bracket, so you don't have to pay ANYTHING in your ROTH IRA - even if grows to be Billions of $$$$.  As usual, there are the inherent benefits of ROTH IRA - you will not be required to withdraw monies from it ( with Traditional IRA you will be forced to take out money in 50s and pay taxes on it - if you don't you pay penalty ). You can pass on the ROTH IRA to your kids, etc.\n\nAs usual, consult a financial advisor, as each case varies.  \n\nOne more thing....If your considering converting traditional IRA to ROTH, be prepared to shell out taxes on your earnings/income - from out of your own pocket - DON'T CONSIDER PAYING IT OFF WITH YOUR EARNINGS/INCOMES FROM TRADITIONAL IRA - YOU WILL PAY EARLY WITHDRAWL PENALTY AT 10%
976892
CD (Certificate of Deposit), but it ties up your money.  You can get 5% annually
165091
No.  IRA's may not hold certain classes of assets and closely held corporations are one of them.  Likewise, if you happened to be the Chairman of IBM, you couldn't invest in that either.
375091
If you are looking for a federally insured plan to invest in, you can also get into a money market, a certificate of deposit, or a high-yield savings account.  Also, Savings Bonds and Treasury bills, but these are really long-term investments (10+ years) and the rate of return is questionable right now.\n\nBy the way, it is important to distinguish between investment products (ie. CD's, Money Markets) and investment plans (ie. IRAs, 401(k)s).  The distinction is that the plan is the governing account and the product is what actually makes you the money.  So your plan is the 401(k) but the product might be mutual funds. \n\nAlso, look out for Federal insurance on your investment products.  For example, you could have an IRA that is not insured if you are investing in mutual funds and a 401(k) that is insured if you are investing in a Money Market.  \n\nIf insurance is your biggest worry, just ask your bank or investment house whether the product you are funding is insured.
470958
I suggest you to start with as much money as you can to retire early.\n\nOpen a brokerage and margin account at Ameritrade.com today.\n\nIf you want to get a higher yield than CDs you need to invest in ETFs, Mutual Funds and Stocks.\n\nDrop me a line if you need more detailed information.
103673
She's right if that is as much as you can invest.  Your best bet is to max out both if you can afford to.\n\nHere's the order:\n\n401K to match:\nROTH IRA max\n401K max
284469
You don't need to pay tax when you redraw from Roth IRA when retired. Traditional IRA only let you defer taxes.
900036
I just rolled over my 401K to an ING Direct IRA account. They have great options and low maintenance fees. Check them out.  www.ingdirect.com