Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: wild7and8 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25265  
Subject: Re: Self directed IRA's Date: 2/2/1999 10:44 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thanks again Bill,

I stated my questions a bit unclear.

1. I am opening a regular IRA account with Datek to Rollover my Principal Financial Group IRA.

2. After this is done, I am questioning if I can then make $2000 contribution to this account come tax time?(provided I qualify to make IRA contribution this year)

Seperate issue: (IRA)

1. If my wife is eligable to contribute $2000 to a regular IRA this year, I would then have to open another account with Datek? This is more a statement based on your last post.

Seperate issue: (Roth IRA)

1. From your response, If I understand correctly, Both my wife and I will need to open seperate Roth IRA accounts in which we will both be able to contribute $2000.

Summary

So I am talking about opening 4 accounts.
1. Rollover account for my 401k
2. Regular IRA account for my wife if elligable.
3. Roth IRA for myself (contributing $2k).
4. Roth IRA for my wife (contributing $2k).

Just surprised, seems like a lot of accounts. I did not understand much about this.
Thank you for all your help!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Netflix Riles Investors
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement