baymd Posted April 8, 2010 Report Share Posted April 8, 2010 Any Roth IRA specialist out there? What if some Roth IRA funds were used to open an account in an Iraq bank, wait for RV, then convert to dollars and transfer to US bank for protection of asset. My understanding is that at withdrawal from a Roth account there is no tax. Is this true of all the funds or just the originally invested funds? If this is a probability what would the correct mechanism be? Link to comment Share on other sites More sharing options...
Calculated00Money Posted April 8, 2010 Report Share Posted April 8, 2010 IF what your stating is correct please when you receive info, could you relay that to me via message Link to comment Share on other sites More sharing options...
Tagme66 Posted April 8, 2010 Report Share Posted April 8, 2010 I don't think you would be able to open a Roth IRA account in Iraq as a US citizen.Are Distributions Taxable?You do not include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s). You also do not include distributions from your Roth IRA that you roll over tax free into another Roth IRA. You may have to include part of other distributions in your income. See Ordering Rules for Distributions , later.http://www.irs.gov/publications/p590/ch02.html#en_US_publink1000231057there is more info here read up on this Link to comment Share on other sites More sharing options...
grompy153 Posted April 8, 2010 Report Share Posted April 8, 2010 HI their I'm new to this ....Just signed up today...Hope this is wear I can ask this question... I would like to know if their are any investments I could make to start earning some $$$$...While waiting for the Dinar to RV...Thanks grompy153 Link to comment Share on other sites More sharing options...
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