IRA Rollover Tax is Easy to Avoid

Here’s how to ALWAYS AVOID an IRA Rollover Tax
If you are simply moving your IRA from one financial institution to another, use the direct transfer method.

IRA Rollover Tax You Will Owe on a Roth Conversion

Fiscal year 2010 will go down in history as the year in which a great many changes occurred regarding Roth conversions.  For many investors, these new rules and regulations made it very advantageous to convert old traditional IRAs into Roth IRAs.  However, conversions to Roth IRAs are considered to be taxable events, meaning that you […]

Save Money on the IRA Rollover Tax

Since an IRA is a retirement savings plan that’s traditionally taken from your check before taxes are applied, any time that you’re transferring funds, you’ll want to take into consideration whether or not there will be any IRA rollover tax applied. The answer is that, in most cases, there isn’t an IRA tax if you […]

Frequently Asked Questions about the IRA Rollover Tax

One of the primary advantages of having an IRA is that you get to defer taxes on your money until a later time, when you anticipate having to pay less in rollover taxes. As you might expect, you lose that advantage if you have to pay IRA rollover taxes when you move your money between […]

Common IRA Rollover Tax Mistakes

When you’re moving your money from one IRA to another IRA rollover account, you’ll want to take extra precautions to avoid making mistakes that will create an IRA tax burden for you. When handled properly, IRA rollovers can occur without any federal IRA taxes, withholding or penalties. But unfortunately, one small error can destroy this […]

IRA Rollover Tax Deductions – What You Need to Know

IRA rollovers and IRA rollover taxes can be very confusing. This is because most rollover IRA accounts have been set up as a way for you to defer taxation on your income, and any time you deal with the money in these accounts, you’ll be left wondering whether or not you’re going to end up […]

Avoid Unnecessary IRA Rollover Tax Penalties

Since dealing with IRA accounts and taxes can be confusing, many people end up facing unnecessary IRA rollover tax penalties on their rollovers. There are many different kinds of retirement accounts that rollover money between them can feel like a daunting and difficult task. However, there are some simple things you can do to protect […]

IRA Rollover Tax Exemptions – Protect Your Money

An indirect IRA rollover occurs when you request the trustee of your IRA to send the funds you want to rollover directly to you, with the intention that you’ll reinvest them on your own into a new IRA through rollover. The problem with this rollover is that there’s a very real possibility that you’ll inadvertently […]

IRA Rollover Tax Changes – What You Need to Know in 2010

Of all the IRA rollover tax changes for 2010, the most important ones concern the Roth IRA – one of the more restrictive types of IRA rollover that includes move money into and out of. To gain a better understanding of the 2010 IRA rollover tax changes, you’ll first need to know how a Roth […]