-
Which contributions come out of my IRA first?
I put tax-deductible and nondeductible money in my IRA. What comes out first? — Duane Hoffmeyer, Mesa, Ariz.
Most money in traditional IRAs comprises tax-deductible contributions and any account earnings over the years, all of which is taxable when you pull the money out. You evidently also made nondeductible, after-tax contributions, which exit your IRA tax-free.
To answer your question, the funds come out simultaneously. Add up your after-tax contributions. The percentage of MORE
Mar 31, 2013 3:17 PM ETPosted in: Retirement, Taxes -
Will a backup generator boost a home's resale value?
For $7,000, I can get a backup generator installed. Will it help my home's resale value? — Paul Ballas, Blue Bell, Pa.
It depends where you live, says Carolyn Cedar, a broker at Douglas Elliman Real Estate in Brooklyn. A permanent generator at that price — typically running on propane or natural gas and able to power a large house — may be seen as a plus in an area prone to MORE
Mar 18, 2013 5:30 AM ETPosted in: Family Money, Real Estate
Got a question about your money? We want to hear it! Each week we're answering your questions on CNN, Headline News and CNNMoney.com.
-
Hurt by low interest rates, retirees should consider steering their portfolios beyond bonds, according to Rob and Tom Fross at Fross & Fross Wealth Management. Play -
First, stay calm. Then get all your documentation together to prove your case to the IRS. Play -
Home staging is the process of renovating your house to increase its value and sell it faster. Play -
Don't let credit card debt accrued over the holiday season linger by using a few key tips to help pay down your balance. Play
Tips for saving and spending smarter. SUBSCRIBE
Help DeskMore help for your career, your investments and your budget.
