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Can you have roth IRA?

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Answer:

Yes, anybody (US citizen) with earned income.

First answer by Alan2. Last edit by Alan2. Contributor trust: 9 [recommend contributor ]. Question popularity: 2 [recommend question].

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What is IRA and Roth IRA?
An IRA is an individual retirement Account. A Roth IRA is just a type of IRA. Traditional is another kind.
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Yes, this can be done. Typically, the account-owner simply opens a new Roth account and requests the custodian to move the funds at the request of the traditional IRA owner. Penalties will generally...
Can you transfer a husbands Roth IRA to the wifes ROTH IRA?
No, unless it's a divorce or death issue.
How do you get a roth IRA?
You have to go to a securities licensed financial expert to set up an IRA :banks , financial advisers investment firms , etc.
Can you switch from a Traditional IRA to a Roth IRA?
maybe....it's called a Roth Conversion...you may be able to do it if your income is less than $100,000. When you do it, you must report as income for the current year the amount converted (this is...