• Save
Roth IRA’s
Upcoming SlideShare
Loading in...5
×
 

Roth IRA’s

on

  • 272 views

Many investors don't know the difference between Roth IRA's and traditional IRA's. Learn how they differ in this presentation from Mullooly Asset Management.

Many investors don't know the difference between Roth IRA's and traditional IRA's. Learn how they differ in this presentation from Mullooly Asset Management.

Statistics

Views

Total Views
272
Slideshare-icon Views on SlideShare
272
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Roth IRA’s Roth IRA’s Presentation Transcript

    • Mullooly Asset Management Podcast April 17, 2013Mullooly Asset Management April 2013
    • Roth IRA’sCreated in 1997Open to anyoneEarning up to $110,000 ($160,000 if filing jointly)Contributions: $2,000 a yearIn 2013: $5,500Over age 50: $6,500 Mullooly Asset Management April 2013
    • Income Contributions LevelsModified Adjusted Gross Income Levels for 2013 Mullooly Asset Management April 2013
    • Income Contributions Levels Single Filers Joint FilersUp to $110,000 (to qualify for a Up to $173,000 (to qualify for full contribution) a full contribution)$110,000-$125,000 (to be eligible $173,000–$183,000 (to be for partial contribution) eligible for a partial contribution) Mullooly Asset Management April 2013
    • Make More Than These Levels?Back-door Roth Contributions Mullooly Asset Management April 2013
    • DistributionsNot subject to RMD (Required Minimum Distributions)Principal can be withdrawn without tax or penalty (account must be open for at least 5 years)Distributions from Roth IRAs to beneficiaries: Not taxable if Roth IRA was established at least five years before distribution occurs Mullooly Asset Management April 2013
    • DistributionsGenerally, if under 59.5, distributions will be subject to 10% penalty on earningsUnless: -Disability -Death -Substantially Equal periodic payments -Unreimbursed medical expenses -First time home purchase -Payment of higher education expenses for you or family member There are other exceptions too Mullooly Asset Management April 2013
    • None of the securities mentioned in this (or any)podcast or video represent past specificrecommendations of Mullooly Asset Management.This video is NOT a recommendation to buy or sell anyof the securities mentioned here.If you’re relying on a podcast for investment advice, youare likely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buyor sell any investment. Mullooly Asset Management April 2013
    • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management April 2013
    • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management April 2013