http://fundpicksandpansstocks.com/when-will-i-get-taxed-on-my-money-market-ira.html Data markets, stocks, dow, nasdaq, cnnmoney jones. Mon, 21 Mar 2011 16:53:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://fundpicksandpansstocks.com/when-will-i-get-taxed-on-my-money-market-ira.html/comment-page-1#comment-2953 newjerseyguy Fri, 30 Jul 2010 08:39:25 +0000 #comment-2953 A rollover into an IRA should not trigger any taxes. Unless you put it into a Roth IRA. Which type is it? A rollover into an IRA should not trigger any taxes. Unless you put it into a Roth IRA. Which type is it?

]]> http://fundpicksandpansstocks.com/when-will-i-get-taxed-on-my-money-market-ira.html/comment-page-1#comment-2954 chris k Fri, 30 Jul 2010 08:39:25 +0000 #comment-2954 The money you rolled over will not be taxed until you withdraw it. The After tax funds you contribute to it from here on out will be tax deductable. I don't recall the IRS form # but it's easily found on their website and easily filled out. Whatever you do DON'T withdraw funds before age 59 1/2. You'll pay a hefty penalty plus the withdrawal money is taxed on top of your regular income. The money you rolled over will not be taxed until you withdraw it. The After tax funds you contribute to it from here on out will be tax deductable. I don’t recall the IRS form # but it’s easily found on their website and easily filled out.
Whatever you do DON’T withdraw funds before age 59 1/2.
You’ll pay a hefty penalty plus the withdrawal money is taxed on top of your regular income.

]]>