Posts Tagged ‘401k’
Cashing out a mutual fund and owing the IRS?
April 16th, 2010
I cashed out a ,000 mutual fund and know I will owe a lot on my 2008 taxes. How can I start "paying back" the IRS now to avoid dept in April? I’ve started contributing more to my 401K to lower my taxable income and I’ve increased my W4 contributions to claim 0 and take out extra per pay check. Any other suggestions?
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What are the differences between a money market IRA and a roth IRA?
April 3rd, 2010
I opened a money markey IRA, and was going to converit it to a Roth IRA (im 23) and have rolled my ,500 from my 401K into my new IRA. When will I have to pay taxes on my ,500 and when will I pay taxes on my new contributions? Im not sure if I should keep the money market, or change to the Roth. Thanks!
My Related Websites
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