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Topic: Old IRA


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In the News (Sat 14 Nov 09)

  
 Irish Republican Army: Definition and Links by Encyclopedian.com
Most Irish people deny to later claimants to the title IRA valid descent from the orginal IRA, which is general referred to as the Old IRA to create a distinction.
It is important to differentiate what is termed the 'Old IRA' or the 'Official IRA' from the Provisional IRA (PIRA), a splinter-group which formed in the late 1960s in the wake of the anti-Catholic pogroms, riots and murders (mainly in Belfast and Derry), and which led to the virtual extinction of the original group.
A scale of the difference between the claims of the IRA and Sinn Féin to represent 'Ireland' and the reality, can be seen in the fact that Sinn Féin in the 2002 general election in the Republic of Ireland experienced what was generally regarded as one of its best ever electoral results.
www.encyclopedian.com /ol/Old-IRA.html   (2103 words)

  
 HCGS - IRA HOUGH Henry County, Indiana Medal of Honor Recipient
Ira Hough was born in Henry county on 2 Jul 1843, the son of Jesse and Dorothy Jenkins Hough in Liberty township on the farm of his fraternal Grandparents, Ira and Elizabeth Hough who came to Henry county from Stokes, North Carolina.
It was in the battle at Cedar Creek, Virginia that Ira was nominated for the Congressional Medal of Honor for the capture of the enemy flag.
Ira's sister Irilla Hough McCormack died on 9 Aug 1894 and is buried in the Hess cemetery north of Cadiz.
www.hcgs.net /ira.html   (774 words)

  
 Roth IRA Advisor
An IRA owner can name a spouse, however, who is more than ten years younger than the IRA owner and, for purposes of the required minimum distribution, include the spouse’s age in determining their joint life expectancy.
If a retiree’s IRA is his or her primary asset, then the beneficiary designation of the IRA (not the retiree’s will) will be the primary document that will control the disposition of wealth.
Upon the surviving spouse’s death, the remaining assets are distributed to whomever the IRA owner chooses, usually the children or special minor trusts depending on the age and maturity of the children.
www.rothira-advisor.com /maxira.htm   (3392 words)

  
 Ira Distribution Rules Simplified   (Site not responding. Last check: 2007-10-14)
The Old Rules detailed calculation methods based on your decision to recalculate one or both life expectancies, and your distribution varied with your age and the age of your designated beneficiary.
Most 70 year old IRA owners named their close-in-age spouses as their beneficiaries (or named no designated beneficiary) and had to use a smaller "divisor" (e.g., 19.6 years for a 70-year-old participant and same-age spouse), resulting in a relatively larger RMD, less income tax deferral, and, ultimately, less money for old age or for heirs.
For example, if you have an IRA balance of $100,000 at age 70½, live to age 85, and achieve an average annual return of 8.5%, the value of the IRA at your death would be approximately $150,000 (after taking into account total distributions during your life of approximately $113,000).
www.rutherfordmulhall.com /irarules.htm   (1302 words)

  
 Ireland's OWN: IRA   (Site not responding. Last check: 2007-10-14)
For though it was clear that the IRA had planned to blow up the police station and to kill whomever was in it, that they had, in fact, come to Loughgall with murder on their minds, it was also clear that the decision to kill them had been made prior to the stake-out itself.
Nationalist condemnation of the IRA's intentions quickly became tempered with a largely unarticulated anger at the British government for what appeared to be a cold-blooded decision simply to get the IRA operatives, and with the IRA for once again forcing constitutional nationalism to face the demons of its own contradictions.
The talk from Dublin that the IRA leadership was "trapping people into violence" could have been the propaganda of a foreign government, the talk from London of taking the fight to the terrorists nothing more than the triumphalist importunings of the old enemy.
irelandsown.net /loughgall.html   (1257 words)

  
 Irish Republican Army   (Site not responding. Last check: 2007-10-14)
It important to differentiate what is termed the IRA' or the 'Official IRA' from the Provisional IRA (PIRA) a splinter-group which formed in the 1960s in the wake of the anti-Catholic riots and murders (mainly in Belfast and Derry).
The IRA too was accused of excessive in particular against protestants in the Munster Both the Dáil Éireann (the Irish Parliament) and Sinn Féin were also proscribed by the British
Over time the IRA faded away the political side discarded nationalism and became in succession Sinn Féin the Workers Party the Workers Party and finally the Democratic Left the most leftist of the parties the Republic with seats in the Dáil Éireann (though also operating in Northern Ireland).
www.freeglossary.com /Irish_Republican_Army   (2092 words)

  
 USATODAY.com - IRA apologizes for shooting to death teenage girl in 1973   (Site not responding. Last check: 2007-10-14)
Although a 16-year-old IRA member was charged with murdering Kathleen and attempting to murder soldiers that day, he was acquitted on those charges in 1975 and instead received a 7-year prison sentence for possessing an assault rifle and ammo.
In October, the IRA apologized for killing a 15-year-old Belfast boy and dumping his body in the city zoo in 1973.
In October 2003, the IRA apologized for secretly burying nine Catholic civilians in unmarked graves from 1972 to 1981.
www.usatoday.com /news/world/2005-06-24-ira_x.htm?csp=34   (896 words)

  
 How to Maximize IRA Accumulations
Although extending the distribution period during the IRA owner’s lifetime is advisable, it is equally important that CPAs recommend clients take the necessary steps to ensure that after the owner dies, the beneficiaries are entitled to the longest distribution period possible.
When the IRA owner dies before reaching the RBD, the five-year rule requires that all amounts in the IRA be distributed to the beneficiaries no later than December 31 of the calendar year that includes the fifth anniversary of the owner’s death.
Thus, as long as the IRA owner establishes separate accounts for each beneficiary before his or her death, the exception to the five-year rule will be available for accounts that have a designated beneficiary.
www.aicpa.org /pubs/jofa/dec2000/johnson.htm   (3559 words)

  
 Newshound: Daily Northern Ireland news catalog - Irish News article
Despite claims of a continuum, the IRA of the civil war period is considered an entirely different organisation to the Provisional IRA.
Mr Phoenix said that the various splits have meant that the Provisional IRA is "far removed" from the IRA during the War of Independence.
Mr Phoenix last night said: "The phrase 'the old IRA' was used in post-Independence Ireland to describe the Irish volunteers or the IRA from 1913 to 1921.
www.nuzhound.com /articles/irish_news/arts2006/jan7_PIRA_old_IRA.php   (320 words)

  
 Ira K. Read
Ira and Elizabeth Read are buried in Forty Fort Cemetery, on the south side of the old meeting house, in Forty, Fort, Luzerne County, Pennsylvania.
Ira and Elizabeth were the parents of three daughters, born between 1853 and 1859.
Sarah, the eldest was 17 years old, so it is possible that she was able to pursue high school level classes in Kingston, something that was not always available in rural one room school houses.
www.charm.net /~edrtjd/readgen/101fam.htm   (3563 words)

  
 Chappano Wood PLL - News & Publications - Minimum IRA Distribution Requirements Decrease   (Site not responding. Last check: 2007-10-14)
With the old IRA distribution rules, the owner of the plan is still required to begin taking distributions by April 1 following the year they reach age 70 1/2 or face a 50% penalty.
Upon death of the IRA owner, distributions will be paid out over the life expectancy of the person who inherits the plan.
The old rules required the person who inherited the plan to take distributions within 1 to 5 years, thereby forcing that person to pay higher amounts of tax.
www.cwpll.com /minimum_ira.html   (278 words)

  
 The Cincinnati Post
IRA contribution limits for 2004 are $3,000, with another $500 for workers 50 and over.
Whether or not your IRA contribution is deductible depends on your adjusted gross income and on whether you have a retirement plan at work, notes Richard O'Donnell, pensions editor for tax publisher RIA.
Roth IRAs, in which after-tax dollars are contributed for the promise of tax-free earnings and withdrawals, have the same 2004 contribution limits as traditional tax-deferred IRAs, but Roth income limits are more generous: The maximum contribution for joint filers phases out between $150,000 and $160,000 AGI and for singles between $95,000 and $110,000.
www.cincypost.com /2005/03/15/taxes031505.html   (523 words)

  
 Having Several IRAs
A new IRA created by the surviving spouse with children named as beneficiaries: The funds may be distributed over the joint life expectancy of the spouse and beneficiaries.
In fact, doing so will deplete funds in the new IRA that benefits the children, while helping preserve the funds in the old IRA -- which must be liquidated and taxed on the surviving spouse's death.
That way, only the old IRA that must be liquidated anyway on the surviving spouse's death is depleted -- and the new IRA that benefits the children is left totally intact to grow for their benefit.
www.bottomlinesecrets.com /blpnet/article.html?article_id=28235   (1334 words)

  
 Ira Chernus - Old Hanukkah Story Irrelevant and Dangerous
The old story assumes that, in every contest, the Jews are the weak and vulnerable side.
They repeat the old Hanukkah story, insisting that they are still the vulnerable mouse and the Palestinians the predatory cat.
The old story is dangerous because the longer the occupation continues, the longer Israelis as well as Palestinians will suffer and die.
spot.colorado.edu /~chernus/NewspaperColumns/Israel/Hanukkah2001.htm   (826 words)

  
 IRA Association of America | Yes, you can buy real estate with your IRA
Jack quickly opened a new self-directed IRA, rolled over the entire amount of his old IRA into it, then directed his trustee to make the purchase with the IRA becoming owner.
Now he is looking forward to his retirement, at which time the IRA will turn the property over to him as a distribution of the then market value.
IRA accounts invested in stocks, bonds and other financial paper are very lucrative for banks, mutual funds, insurance companies and brokerage houses.
www.iraaa.org /art_11.aspx   (1295 words)

  
 List of IRAs - Wikipedia, the free encyclopedia
The IRA (Irish Republican Army) is a name used to describe several paramilitary movements in Ireland in the 20th and 21st centuries, though the first known use of the term occurred in the Fenian raids on Canada in the 1860s.
The original IRA (in later years, known as the "Old" IRA), recognised by the First Dáil as the legitimate army of the Irish Republic in April 1921.
The Continuity IRA, broke from the PIRA in 1986 because the latter ended its policy on abstentionism (thus recognising the authority of the Republic of Ireland).
en.wikipedia.org /wiki/List_of_IRAs   (1103 words)

  
 The Roth IRA: Is It for You?
With the Roth IRA, you get no tax break now, but so long as it’s been in existence for at least 5 years, every penny you withdraw after age 59-1/2 (and even before 59-1/2 in limited circumstances, such as purchase of a first home) will be tax-free.
So now you have both the $2,000 in the IRA and the $1,000 you got back via the tax break, and both are growing at 10% a year . . .
This is an argument for choosing the Roth IRA.
www.andrewtobias.com /bkoldcolumns/971118.html   (2223 words)

  
 THE ROTH IRA'S OTHER EDGE: ESTATE PLANNING
In the 24 years since they were created, individual retirement accounts (IRAs) have served mainly as a way for individuals who don't have a company retirement plan to build a nest egg using their own, tax-deductible contributions.
And as with the traditional IRA, eligibility for the Roth is determined by income level: It phases out for married couples with so-called modified adjusted gross annual incomes (excluding capital losses) of $150,000, and for single filers at $95,000.
Your first option is to reduce or stop contributions to your traditional IRA and instead put your future contributions into a new Roth, or into a combination of it and your old IRA.
www.businessweek.com /bwdaily/dnflash/oct1998/nf81019d.htm   (1520 words)

  
 DivorceNet - Dividing IRA Assets Upon Divorce   (Site not responding. Last check: 2007-10-14)
In general, the transferred interest in the IRA is viewed as the recipient-spouse's property and, therefore, this conveyance is acknowledged as tax-free.
Another alternative is to transfer the assets the owner-spouse is entitled to keep to another IRA, leave the necessary amount in the old IRA for the recipient-spouse and change the name on this old IRA to that of the recipient.
If all the assets in the owner-spouse's IRA are to be transferred to the recipient-spouse, a simple method of transfer is to just change the name of the account on the records of the financial institution.
www.divorcenet.com /states/texas/dividing_ira_assets_upon_divorce   (389 words)

  
 Irish Republican Army - Wikipedia, the free encyclopedia
In theory, the IRA was responsible to the Dáil and was the army of the Irish Republic.
The IRA in Belfast and the north generally, was therefore mostly involved in protecting the Catholic community from loyalists and state forces.
The IRA was to retain its arms and the British Army was to remain in barracks for the duration of peace negotiations.
en.wikipedia.org /wiki/Irish_Republican_Army   (5674 words)

  
 IRA Rollovers   (Site not responding. Last check: 2007-10-14)
The benefits of the IRA were so well publicized that the vast majority of workers have established these accounts and the letters "IRA" have become part of the American lore.
Such transfers must be made directly between the trustee of one IRA and the trustee of another IRA.
Martin requested that the February 5 check be made payable to the new IRA trustee rather than himself, the February 5 withdraw would have been a "trustee to trustee" transfer and he wouldn't have run afoul one rollover per year rule when he later withdrew his IRA funds in May.
www.estateattorney.com /irarollr.htm   (493 words)

  
 IRA MINIMUM DISTRIBUTION RULES
For some, making the wrong decision forced their heirs to surrender the IRA and pay tax on the full value of the IRA all in one year.
Now all we need to know is your age and the total balance in your IRA at the end of the prior year.
This table is used for determining the distribution period for IRA distributions during the life of the IRA owner.
www.estateattorney.com /irarbd.htm   (986 words)

  
 Slugger O'Toole: The 'old' verses 'new' IRA and an old conceit
Slugger O'Toole: The 'old' verses 'new' IRA and an old conceit
The 'old' verses 'new' IRA and an old conceit
She argues that it was not that different from what the 'new IRA' did in the 70s, 80s and 90s.
www.sluggerotoole.com /archives/2005/10/the_old_verses.php   (258 words)

  
 Fool.com: IRA Rollovers vs. Transfers - Part II
The trustee of the old IRA transfers the funds directly to the new IRA trustee.
The trustee of the old IRA will issue a check and send it to you, but the check will be made payable to the new IRA trustee.
You'll recall from Part I that if you move IRA funds via a rollover, you are prohibited from rolling over those funds again for a 12-month period.
www.fool.com /school/taxes/1999/taxes990625.htm   (1334 words)

  
 Ask the Expert:What to do with rollover money - Nov. 28, 2003
In your case, you might instruct the trustee of your current IRA to transfer, say, $7,500 of your $90,000 balance (or one twelfth of your stash) to the new IRA.
You could follow up with additional partial direct rollovers of $7,500 or so in subsequent months, so that by the end of the year your old IRA is depleted and the new IRA is fully funded.
Your IRA may be in a new account at a new place, and even invested in new funds.
money.cnn.com /2003/11/28/pf/expert/ask_expert   (890 words)

  
 Psst! Some exceptions to withdrawal rules about IRAs and company plans - Dec. 6, 2000
The old money is grandfathered and distributions on that money (the pre-1987 money) are not required until you reach age 75, but only if you are able to maintain a separate accounting of your pre-1987 403(b) plan balance.
For example, if you are an 80-year old who inherits an IRA from your spouse, you have the option (as does a spouse at any age) to roll over to your own IRA.
If your spouse was only 65-years old when he died, and you chose not to roll over, your RBD can be delayed for another five years, regardless of how old you are.
money.cnn.com /2000/12/06/pensions/q_retire_slott/index.htm   (1071 words)

  
 IRA Recharacterization
My wife had an old IRA that she thought was a Roth.
We rolled it over into a new Roth IRA and then at the first of this year got an unexpected statement from the original IRA provider about a taxable event.
My wife had an old IRA that she : thought was a Roth.
www.irahelp.com /cgi-bin/forum/index.cgi/noframes/read/5567   (554 words)

  
 Tax Cut For Savers - July 20, 1998
The Roth is, of course, the now familiar IRA that allows savers to contribute aftertax money, which grows tax free and can be withdrawn tax free in retirement.
Traditional IRAs are funded with pretax money that grows tax deferred but is subject to tax upon withdrawal.
By converting an old IRA to a Roth, you must pay some immediate tax, but you do not have to start withdrawing money after age 70 1/2, as with an old IRA.
edition.cnn.com /ALLPOLITICS/1998/07/13/time/ira.html   (650 words)

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