| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 1006.1 | | 2155::michaud | Jeff Michaud - ObjectBroker | Fri May 03 1996 14:47 | 14 |
| > I'm over the limit to qualify
> to put money into an IRA pre-tax. But can I put money (up
> to $2000?) into an IRA on an after-tax basis and still have the
> interest accumulate tax-free? Or am I not allowed to put any money
> into an IRA at all?
You can make after-tax (ie. non-deductable) IRA contributions.
In addition to this topic already being discussed just this
week, see the following existing topics where you'll find
lots of information .......
205 TPS::FALOR 19-MAY-1992 41 Questions on IRA mechanics
465 NODEX::BRASS 27-APR-1993 4 IRAs and Trusts
977 LJSRV1::RICH 15-FEB-1996 4 non-deductible IRAs
|
| 1006.2 | | NETCAD::HERTZBERG | History: Love it or Leave it! | Fri May 03 1996 15:00 | 3 |
| ... and if you're married and your spouse also has enough earned income,
you can make a $2000 contribution for each of you... a total of $4000
per year which can acccumulate tax-free.
|
| 1006.3 | | DECWET::ONO | The Wrong Stuff | Fri May 03 1996 15:35 | 3 |
| ...and if you're married and your spouse *does not* have earned
income, you can make contributions to your IRA and a spousal IRA
totalling $2,250.
|
| 1006.4 | additional considerations... | SLOAN::HOM | | Fri May 03 1996 17:33 | 17 |
| There are three important considerations:
1. Look at the IRS reporting requirements at time of withdrawl.
The calculation of what's taxable and what's not at time
of withdrawl is fairly complex.
2. Look at Index funds as a means of compounding at a tax-deferred
rate. Only about 2-3% of the 37% gain in the SP500 Index fund
was taxable. The rest was tax deferred.
3. Understand the trends in taxes. All gains from IRA's are taxed
as ordinary income. If the capital gains tax cut ever makes it,
you may come out ahead by investing outside of a IRA. In that
case, long term capital gains, outside of a IRA, could
be taxed at a, hopefully, lower capital gains rate.
Gim
|
| 1006.5 | Deja Vu all over again | 2155::michaud | Jeff Michaud - ObjectBroker | Fri May 03 1996 19:06 | 4 |
| Re: .2, .3, .4
Most of the information in these replies has already been discussed.
Are we running a USENET newsgroup here... :-(
|