Ask The Expert: Contributions

MOST USEFUL ANSWERS:

I turn 53 this month and have no other retirement fund other than a traditional 401(k). At my age, is there any point in starting a Roth IRA?
99 out of 136 people found this useful.
How much should you save every month in your Roth IRA?
134 out of 193 people found this useful.
I understand Roth contributions are not taxed when withdrawn, but what about the earnings?
106 out of 144 people found this useful.
When does my contribution for 2012 need to be in by?
106 out of 136 people found this useful.
What's the penalty rate for withdrawing from a Roth before age 59.5?
106 out of 130 people found this useful.
I am going to be able to take my pension in a lump sum right now, even though I am still working and will continue to work for 5 more years. Can I put the entire lump sum in a Roth IRA, or just the $5K plus the $1K catch up amount?
85 out of 138 people found this useful.
I am 75 years. Should I convert to a Roth IRA?
85 out of 144 people found this useful.
Can one have a Roth IRA if they already participant in their employer's 401k retirement plan?
53 out of 81 people found this useful.
Can you have more than one Roth IRA?
78 out of 103 people found this useful.
Are distributions required with a Roth IRA as with a traditional IRA once a certain age is reached?
77 out of 120 people found this useful.

ALL ANSWERS:

I contribute $10,000 to a 401K at work. Can I also contribute to a Roth IRA?
38 out of 57 people found this useful.
I opened a Roth IRA in 2009 with $5,000. This year, at the age 26, I have to withdraw the $5,000. What fee, taxes or penalties will I incur?
41 out of 64 people found this useful.
19 out of 33 people found this useful.
Can you have more than one Roth IRA?
78 out of 103 people found this useful.
In 2012 I was employed to Aug 31st. During that time I contributed $4000 to my TIAA-CREF account. How much if any can I contribute to a Roth IRA now? My wife contributed nothing to a retirement account in 2012 but was not employed
28 out of 50 people found this useful.
If I have a retirement plan through my workplace, i.e. a401K plan, am I eligible to setup a separate Roth IRA?
66 out of 104 people found this useful.
Are Roth IRA's through payroll deduction? Must I contribute an amount every month?
39 out of 59 people found this useful.
Can you set up a Roth IRA in 2013 to enable contributions for 2012?
34 out of 71 people found this useful.
Can one have a Roth IRA if they already participant in their employer's 401k retirement plan?
53 out of 81 people found this useful.
When does my contribution for 2012 need to be in by?
106 out of 136 people found this useful.