Ask Jennifer: Roth IRA

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April 8, 2013, 12:33 pm
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(NECN) - With the deadline looming to get your taxes done, many people have questions concerning Roth IRAs and Roth 401-K.
Certified Financial Planner Jennifer Lane from Compass Planning joins NECN with answers to these questions.
Marcia in Auburn asks:
"Is it too late to convert my JRA to Roth for the 2012 tax year?"

Susan in Weymouth writes:
"I plan to use my Roth IRA to purchase a currently leased car. I'm past 59 and a half, and my Roth account was set up two and a half years ago with converted funds from my traditional IRA. My account is worth far less than the amount that was converted. Will I owe any more taxes?"

Brian in Worcester wants to know:
"My company offers a Roth 401-K. I thought I earned too much to be eligible for Roth but, assuming I can participate, how do I decide whether to do regular 401-K or Roth 401-K?"

For answers to these questions and more, watch the attached video.

And don't forget, you can always contact Jennifer with your own financial questions. Just email her at She'll have your answers every other Monday right here on NECN.

Tags: Jennifer Lane, taxes, Roth IRA, Roth 401-K
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