SEP IRA

Posts Tagged ‘calculator’

Question: H&R Block at Home Basic?

I bought and sold only one mutual fund in a regular account (non-IRA) in 2010. I don’t have a business and don’t own any other mutual funds. I would like to avoid buying the H&R Block at Home Deluxe version and purchase the less expensive Home Basic version if I can report this simple mutual fund transaction. Can you tell me if the Home Basic version can handle this simple mutual fund transaction?

Answer: Using the information from the 1099-B for sale of the mutual fund shares you will have to use the schedule D of the 1040 tax form for this purpose and the home basic software should be able to handle this for you.
Just make sure that you keep the software program updated from the website as you could be having some changes going on since the software program was produced for sale.
Hope that you find the above enclosed information useful

La Ira de Hurakan Condor (primera parte) – PortAventura 2010

Question: very basic roth ira question?

i am 25 and just opened up a roth ira account. i just did an online roth calculator thing and it told me i would have some insanly high $ amount when i retire i do nt believe it….

so lets use simple numbers.

lets say i invest 2k a yr in this roth not a penny more nor less untill i 65 that is 40 yrs with an average return what is the average return anyways?

how much will i have when i retire @ 65?

the site i used told me i would have like 1.6 million that cant b right
2k times 40 yrs is only 80k right so im confusded

how much would i have when i reitre?
and what is the average return?
thanks much

Answer: through the magic of compound interest. stay disciplined keep your investment focus and it will grow quickly. also consider your company’s 401k if they have one. many companies match up to a specific amount – this is more free money for your retirement. it is pre-tax and also lowers your taxable income (tax deferred)

congratulations!

USNERDOC EDC Contest Entry July 2010

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