what is a section 703 IRA?

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Answered: What is a section-703 IRA?

Has to do with DRIP (dividend reinvestment plans ) There are companies that will let you direct purchase shares (thus, no commission) and they reinvest all dividends (buying additional shares with dividends ) Actually , great idea to get kids into investing etc . Great to do if you only have a ...

Answered: 2013 tax laws for ira charitable deduction .

The American Taxpayer Relief Act of 2012 (ATRA) again resume the charitable distribution for 2013 but many transition rules were included in ATRA to enable taxpayers to have a donation made before February 1, 2013. tax lawyer in new york

Answered: A Husband Selling Wife's IRA

An IRA is an individual account. Only the owner can make changes. A spouse cannot, unless he has a power of attorney to act for her. If a bank released IRA funds to anyone but the owner, you could sue the bank.

Answered: Are there any benefits having two IRA accounts ...

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About ira

Since IRAs are the responsibilty of the state if his account goes too long without attention then the custodian will resign the account to the state. Ask the customer service person for the agent or department that handles abandoned accounts. Then find a good IRA advisor to help you determine how ...

Roth ira's

With a Roth IRA , contributions are made on an after tax basis . Unlike a traditional there are no tax benefits when you make these contributions. A Roth IRA shows its benefits when you begin to withdraw from it. Despite the fact that they provide no deductions for contributions, if you meet a ...

What is an IRA?

An IRA is technically a Individual Retirement Arrangement; that is the original title irc 408. IT is however most commonly called a Individual Retirement Account probably started with banks or some mutual fund company and then morphed culturally to account. This is an account where you a saver ...