Ask The Expert: Taxes

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?
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How much should you save every month in your Roth IRA?
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What's the penalty rate for withdrawing from a Roth before age 59.5?
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I understand Roth contributions are not taxed when withdrawn, but what about the earnings?
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When does my contribution for 2012 need to be in by?
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Can one have a Roth IRA if they already participant in their employer's 401k retirement plan?
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I am 75 years. Should I convert to a Roth IRA?
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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?
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Can you have more than one Roth IRA?
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Are distributions required with a Roth IRA as with a traditional IRA once a certain age is reached?
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ALL ANSWERS:

If I open a Roth IRA, will it reduce my income tax liability for 2013?
55 out of 82 people found this useful.
I understand Roth contributions are not taxed when withdrawn, but what about the earnings?
112 out of 155 people found this useful.
Hello. Are dividends and profits from buying and selling stock in a Roth IRA taxable if I don't withdraw them?
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53 out of 100 people found this useful.