Localfund.com - All about Fund and Investment
*Home>>>Income Fund

Roth IRA growth question?


so lets say im 30 years old. my roth IRA account is at 30,000 dollars. however, i now make 200K a year, so I can no longer add to these funds bc of income limits. can i still let the IRA grow for 30 years and withdraw tax free?

yes.

Yes

Tags
  Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund   HYIP   High Yield   Hedge Fund
Related information
  • Are inheritance's from a grandparent left to grandchild taxable in New York State?

    As far as I know, the only state that taxes an inheritance is Pennsylvania. If the inheritance is from an IRA the the grandchildren would have to take distributions from the IRA over time, and the ...

  • Want to buy Treasury Bills and or Notes. Which ones?

    I might suggest buying a 50-50 mix. I myself prefer t-bills, but there certainly can be a case made for having some notes, especially when the fed decides to give money away which they may very we...

  • Real estate in KY?

    If you are simply going to rely on your income to get a loan then you will not be able to do it. There is going to be too much money to borrow and you will need to have experience with what you are...

  • Every year we have to pay taxes on 4/15. Shouldn't our return come out to $0 owed, if not get a refund?

    No, it's only an issue if you owe more than $1,000 at the end of each year. If you owe less than that, it's just a manner of whether you'd like to have a little bit more during the ...

  • Can i get a list of financial IT firms providing treasury software for Indian Banks?

    1.Synergy Log-In Systems Ltd,Chennai 2.D. E. Shaw India Software Private Limited, Hyderabad 3. VKC Software Solutions (P) Ltd ,Chennai 4. MVL Consulting Private Limited, #17, Laxman Villa Con...

  • 401k increase from stay at home spouse?

    The amount does not increase. You can only contribute up to the maximum standard and your spouse's job situation has nothing to do with it. You can open IRAs for yourself and your spouse a...

  • How should I invest money for my children's college?

    If you are saving for college expenses, you should take advantage of federal tax breaks aimed at families saving and paying for college. These include the following: Qualified Tuition Progra...

  • What's the penalty for changing a traditional IRA account to a Roth IRA?

    you have to pay taxes on the amount you convert. It can be somewhat expensive, especially if it throws you into a higher tax bracket. You do not have to convert the whole thing at once. You can c...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster