SEP IRA

Archive for the ‘SIMPLE IRA’ Category

Question: I have a SIMPLE IRA and am looking into investing in a closed-end fund…?

The fund is considered a PFIC (Passive Foreign Investment Company) and as a result I need to make several decisions for tax purposes. What are my options? I hold no position yet but plan to shortly.

Answer: Depending on the sector of the market or region, for example, you feel will do best will determine which Closed-End Fund to invest in.

One of the best websites to do Research on Closed End Funds is www.cefa.com and this is based on Performance!

If for example, you like China, ythen ou may want to consider CHN. If for example, you like Mexico, then you may want to consider MXF. If for example, you like Eastern Europe, like Russia, then maybe you want to consider Morg Stanley Eastern Europe, RNE. If you like international REITs, then maybe IGR would be best. It all depends.

These are some of your options that you have. Being that you are considering it for tax purposes, maybe the fund, HTD, may be right for you.

But whether you prefer this one or that one, I reccommend to you this site for Research on CEFs. Best of Luck.

Personal Finance & Investing : How to Become Wealthy

Question: Is a SIMPLE IRA through your employer a good investment to rely on for retirement?or is trad/roth IRA better?

I’m 21 and have a SIMPLE IRA through my employer but I’m wondering if it’s best to invest my money into a trad/roth IRA or should I keep contributing the max per year to the SIMPLE IRA. Which would be best for me in the long run?

Answer: A SIMPLE IRA is just like a Trad. IRA, except with the employer match part, as long as you’re working for that company, you can make contributions up to $10,000.00 (Tax Year 2007). You may want to speak with a financial advisor, who can provide you with more information pertaining to IRA’s with your specific financial situation in mind.

Personal Finance & Investing : How Does a Roth IRA Work?

Question: Opened new Sim IRA for rollover from empl retiremnt plan Did not roll Get mnthly chk How use IRA?

Married Age 58 Husband self employed No retirement Plan
Did not deposit anything into the SIMPLE IRA when I opened it in January 2007. So it sits there with a zero balance. Should I put in after tax dollars from my pension check? Before Tax dollars from husbands business? Can I use it at all?

Answer: after tax money out of you check!!!