Do you have an IRA? - GoFuckYourself.com

DirectXNetwork · 02-19-2008, 03:57 PM

Who do you have your money with and what percent does it do annually?

baddog · 02-19-2008, 03:58 PM

yes, Fidelity, no idea

DirectXNetwork · 02-19-2008, 03:59 PM

Quote:

Originally Posted by baddog

yes, Fidelity, no idea

I'm looking for a good company that gives 8-10%.

Peaches · 02-19-2008, 04:01 PM

I have a SIMPLE IRA with USAA.

After Shock Media · 02-19-2008, 04:09 PM

Roth IRA, maxed out each year. Next year the max I can people can put in for full tax advantages goes up a bit.

DirectXNetwork · 02-19-2008, 04:31 PM

Quote:

Originally Posted by After Shock Media

Roth IRA, maxed out each year. Next year the max I can people can put in for full tax advantages goes up a bit.

So you suggest the ROTH IRA over the regular IRA? From my understand the difference is time which you have to let the money sit and a time that you are contracted to not pull your money out correct? I heard bank of america is good with IRA's.

DirectXNetwork · 02-19-2008, 04:33 PM

Quote:

Originally Posted by After Shock Media

Roth IRA, maxed out each year. Next year the max I can people can put in for full tax advantages goes up a bit.

So you suggest the ROTH IRA over the regular IRA? From my understand the difference is time which you have to let the money sit and a time that you are contracted to not pull your money out correct? I heard bank of america is good with IRA's.

After Shock Media · 02-20-2008, 01:39 AM

Quote:

Originally Posted by DirectXNetwork

So you suggest the ROTH IRA over the regular IRA? From my understand the difference is time which you have to let the money sit and a time that you are contracted to not pull your money out correct? I heard bank of america is good with IRA's.

I wish I knew enough and could keep up to date on such information. I am not up to date 100% on why I went the way I went. My wife's father is my CPA and is in love with tax laws. He is the one who really helps me get the most bang for the buck tax wise for someone at my age group.

What I remember is that the contributions are from earned income that has already been taxed. Withdrawals of the contributions are tax free and usually the interest is also tax free. I also expect my tax bracket will be higher when I retire than I am in now. Then since I am on a salary I can stay well within the income eligibility limits to take full advantage which I think is 5k this year and I think it goes up to 6k next year.

Main key though is that I work for a corporation, I get a paycheck, and all that jazz like your every day employee. At my age I do not need a income that is more than 99k a year. House is paid off, only have basic bills and my medical bills. Then it does not include my wife's income and the like.

WebCashMaker · 02-20-2008, 02:02 AM

Quote:

Originally Posted by Peaches

I have a SIMPLE IRA with USAA.

Are you Military ?

The Judge · 02-20-2008, 03:40 AM

So you guys transfer money to the Irish Republican Army? Isn't that a terrorist organization?

02-19-2008, 03:57 PM	#1
DirectXNetwork Confirmed User Join Date: Feb 2007 Posts: 204	Do you have an IRA? Who do you have your money with and what percent does it do annually?

02-19-2008, 04:09 PM	#5
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Roth IRA, maxed out each year. Next year the max I can people can put in for full tax advantages goes up a bit. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

02-20-2008, 03:40 AM	#10
The Judge Confirmed User Join Date: Jan 2006 Location: Mobile, AL Posts: 1,647	So you guys transfer money to the Irish Republican Army? Isn't that a terrorist organization? __________________

02-19-2008, 03:58 PM	#2
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	yes, Fidelity, no idea

02-19-2008, 04:01 PM	#4
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I have a SIMPLE IRA with USAA.