Question

 Are Roth IRA's Pre-taxed?

Answer Yes. When you contribute to a Roth IRA, you use money that you have already paid income taxes on. The advantage of a Roth is that when you withdraw the money, you do not have to pay additional taxe... Read More »
http://www.answerbag.com/q_view/1903692

Top Q&A For: Are Roth IRA's Pre-taxed

When are roth iras taxed?

Distributions from Roth IRA's are not taxed. Instead, after-tax money is used for contributions to Roth IRA's. Unlike traditional IRA's, contributions to Roth IRA's are not tax-deductible when they... Read More »
http://www.answerbag.com/q_view/1905285

How to Roll Over Traditional IRAs to Roth IRAs & Change Brokers?

Traditional individual retirement accounts are tax-deferred savings vehicles helping investors save money to supplement retirement income. The money put into traditional IRAs is pretax money and ad... Read More »
http://www.ehow.com/how_7352385_roll-roth-iras-change-brokers.html

What year did the government allow regular IRAs to roll over to Roth IRAs?

Roth IRAs were formally legislated as a result of the Taxpayer Relief Act of 1997. This legislation permitted new Roth IRAs to be created for tax year 1998 as well as the "conversion" of traditiona... Read More »
http://www.answerbag.com/q_view/2092066

What year did Westart start to allow regular IRAs to roll over to Roth IRAs?

The year traditional IRAs were first allowed to covert into Roth IRAs was 1998. This was established by the Tax Payer Act of 1997 that became effective on January 1, 1998.Source:Congressional Budge... Read More »
http://www.answerbag.com/q_view/2128716


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