IRA Rollover

brewbeer212 asked:


Isn’t an IRA or Roth IRA just a bunch of mutual funds or should I go to Investing 101?
Thanks.

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Kelly asked:



The option came up to roth but am not sure which would be most beneficial at my age.

My work and the option came up to switch over to switch over to switch over to roth but am not sure which would be most beneficial at my age.


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motherbruce asked:


I got laid off late last year and I withdrew my 401k money that went into a rollover IRA from my employer (it was only about $3000). When I did my taxes I said that I withdrew the money, but I also claimed that it was a rollover, because it was. I got a big tax refund back, but I was just talking to my mom and she said that I should have only done it as a withdrawal. Now I’m scared that the IRS will catch it and ask me for money. So, did I do my taxes wrong?

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cl3v3r boy asked:


I took an early distribution from my IRA account to finance the purchase of a first home. I took about $900 more than than I needed (the closing costs had been overestimated if you can believe that). I know I can rollover the $900 back into the IRA to avoid the 10% early distribution penalty.

Can I use the $900 as the second month’s payment on the mortgage to have it qualify as a home purchase expense and in this manner avoid the 10% penalty?

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cuteastute asked:


this is for a direct rollover from a “(401)K Savings Plan to a trasditional IRA
ok I am filling out this distrubution election form and need to know if I should check “custodian”or the “trustee” under the name of the accepting organization

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Jeffrey asked:


I want to get of of US dollar based stocks and want to know if I can invest in the Chinese market.

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