Search found 4 matches

by rambojuda13
Wed Apr 19, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Withdrawal question
Replies: 6
Views: 466

Re: Traditional IRA Withdrawal question

Thank you all, that answers my questions.
by rambojuda13
Wed Apr 19, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Withdrawal question
Replies: 6
Views: 466

Traditional IRA Withdrawal question

Hello, I am 59 years old and i have just started contributing. I have created a Traditional IRA account and contributed (6500 + 6500) 13,000 total for me and my spouse for the year of 2016. I plan to do that for the next 3-4 years. I read that the money has to be in the account for 5 years before i ...
by rambojuda13
Mon Apr 10, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Advise needed - First time investing, about to retire.
Replies: 9
Views: 1100

Re: Advise needed - First time investing, about to retire.

Yes, my Tax bracket will be 15% or less on retirement and i will be paying Tax on my distributions as i have opened Traditional IRA.
I was looking in Target date retirement fund 2020 (VTWNX) and the Stock allocation is 56%. Is that ok for someone at my age (59)?

Thanks for the help..
by rambojuda13
Mon Apr 10, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Advise needed - First time investing, about to retire.
Replies: 9
Views: 1100

Advise needed - First time investing, about to retire.

Hello, Never had a retirement account. I just opened up a Traditional IRA account and will be funding the max 6500 for me and 6500 for my spouse (13k Total). I will be in a lower bracket in retirement and hence thought of the Traditional account. My current age is 59. - I have around 70k saved up in...

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