Posts tagged "Having"

What are restrictions if you want to set up a ROTH IRA regarding having other part time pension plans?

I have several plans that I may not be vested in because I am part time. I am allowed to set up a ROTH IRA for myself and my wife who is Alien Resident……If so what is the maximum at this time ( assuming both a non working and a working spouse. Thank you


Does having a Roth IRA impacts your SS benefits when one retires?

example:

I have 80,0000 in a Roth IRA. Would that diminish my SS Benefits once i retire at age 67?

Thanks
I am 22 years old.


What is the combined contribution limit when having both a SEP and SIMPLE IRA?

Suppose I work for an employer offering a SIMPLE IRA and on the side I have a sole prop business. Can I use the self employment income and set up a SEP. If so, how do I figure the contribution limits?

Thanks
Anyone? Please?


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