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Yearly Archives: 2012

  • How do I find my tax bracket?

    How can I find out which tax bracket I'm in? — Joe

    Go straight to the source: the Internal Revenue Service. Form 1040-ES, which you can find on irs.gov, offers a handy table on page 6 to figure out your tax bracket whether you're a single filer, married filing jointly or separately, or head of household. For example, if you are a single filer with an adjusted gross income between $35,351 MORE

    Aug 22, 2012 6:30 AM ET
    Posted in: Taxes

  • Can you roll over a 403(b) into a Roth IRA?

    My daughter has about $25,000 in her 403(b) account. She quit her job and has no income. Can she convert her 403(b) money into a Roth IRA this year? — Name withheld

    Anyone can roll a 403(b) into a traditional IRA or convert it to a Roth IRA when they leave an employer, regardless of age. A Roth conversion may be a great choice, says James Shagawat of Baron Financial Group, MORE

    Aug 21, 2012 6:30 AM ET
    Posted in: Investing, Retirement, Taxes

  • When must I take distributions from an inherited IRA?

    I inherited an IRA worth $100,000 from my mother, who died at age 65. I transferred it to a new inherited IRA account. Do I have to begin taking minimum distributions based on the date on which my mom would have reached age 70 ½? Or can I delay taking required minimum distributions until I reach 70 ½? — Wayne W.

    With an inherited IRA, you have two options, says Anthony MORE

    Aug 20, 2012 6:29 AM ET
    Posted in: Family Money, Investing, Retirement
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