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Financial Question and Answer


Financial Category: Retirement Planning      Location: TX
Posted: 11/19/2009      Approved: 11/30/2009
Number of Replies: 1     Email Copy To: email financial advice


Question:

I live solely on Social Security. I have an IRA that is a rollover from a 401K, I would like to up it in a Roth IRA. If I do this, when I pay the taxes, will it show up as income and be considered as income for purposes of Social Security?

Answers (click on a reply to view the answer)



Posted Subject Submitted By



2009-12-03If you transfer your IRA to a Roth IRA you will haRoderick Hausmann




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