Financial Advice Q&A

Showing questions for "Taxes". Show All Questions

Ask USAA Questions and Answers
Subject Likes Date
Question

What are the taxes if I roll an IRA to a Roth IRA?

Do I have to pay tax if I rollover: Mutual Fund - IRA to Roth IRA If yes, is it on all money, or just earnings?

0

03-02-2015 05:57 AM

Question

I'm 59 1/2, can I convert my IRA to Roth IRA?

I have both Traditional and Roth IRAs. I am also over 59-1/2 years of age and may begin withdrawals without penalty. Question: Can the money...

0

02-27-2015 12:39 PM

Question

Should I cash in my 401(k) to pay taxes?

I would like to pay my taxes (owe about 16K- OUCH!!!) and buy a house... have about 29K in my 401 and make a little less than 8000 per month...

0

02-18-2015 10:06 AM

Question

Does military retirement allow me to make an IRA contribution?

How is military pension classified: Is it earned income? Is it taxable compensation? From what I can understand, social security is not dedu...

0

02-01-2015 07:19 AM

Question

Who is responsible for paying gift taxes?

I received a generous financial gift from my grandmother. Do I have to pay taxes on this gift?

0

01-30-2015 06:04 PM

Question

I'm retired, can I fund an IRA and deduct my contribution?

I am 58 yrs old married retired from DOD my wife is 50 yrs old still working for DOD. I receive a monthly pension and s/s disability. Do I s...

0

01-30-2015 04:53 PM

Question

I'm getting divorced, how should I file taxes?

My husband and I are divorcing after 27 years of marriage. He said it is easier to file jointly this year as a married couple, and that to d...

0

01-14-2015 04:10 PM

Question

What are the tax implications of a rollover check sent to me?

I recently determined to rollover my two past retirement accounts. I directed both to be direct deposited into my new USAA IRA, but one of t...

0

01-09-2015 08:17 PM

Question

How are retirement plan withdrawals and social security taxed?

If I have $1,000,000 in my 401K and withdraw 4% annually, at what rate will the money I withdraw be taxed? Also, how will my social security...

0

12-14-2014 07:18 AM

Question

As a student, can I contribute to a Roth IRA?

Hello. I'm 23 years old and want to establish some form of retirement savings. I'm leaning towards a Roth IRA. I'm currently in college (no ...

0

12-01-2014 12:39 PM