The money you contribute to your account may be pre-tax or tax-deductible. (Speak with your tax advisor and/or accountant.) When you use funds to pay for your deductible or qualified health care expenses, those withdrawals are tax-free as well.

All the stocks listed on the Hong Kong Exchange in both our Cash and Margin accounts are kept in CCASS (Central Clearing and Settlement System) under the name of DBS Vickers Online (Hong Kong) Limited. The stocks which are listed in the U.S. or Canada are kept in TD Waterhouse in Canada under the name of DBS Vickers Online (Hong Kong) Limited.

All earnings and deductible contributions become subject to tax on withdrawal. The tax rate is based on the individual's ordinary income tax rate at the time of withdrawal. If your tax bracket is lower when you receive a distribution than when your IRA earned income, you benefit from tax savings in addition to tax deferral on the earnings. Taxable distributions taken before you reach age 59? are subject to a 10% federal penalty tax.

There are three different tax treatments for distributions of earnings from Roth IRAs. The distribution is either: The income tax applies to all withdrawals of earnings made before the "Five-Year Holding Period" is satisfied even if the Roth IRA owner is over 59 1/2, disabled, dies or uses the distribution for a first home purchase.

Income from a Traditional IRA account is taxable as ordinary income, the tax rate depends on your tax bracket. The law requires IRA owners to start taking distributions from their account by age 70 1/2. Failure to withdraw the required amount will result in a penalty of up to 50% the required withdrawal. One solution is to convert the Traditional IRA into a Roth IRA (after paying taxes on income), which is not subject to mandatory withdrawals.

Depends on what you mean. First of all, unlike non-REITs, dividends paid out by REITs are not taxable to the REIT itself (that is, they are subtracted from taxable income). REITs must pay out at least 90% of taxable income. That's the lower limit; REITs may (& usually do) pay out more than that, including more than the total taxable income. When that happens, part of the dividend is considered "return of capital" (ROC), which is not taxable income to the recipient (you).

It depends on your retirement plan. Check your plan’s Summary Plan Description to see when you’re allowed to take a distribution. If you qualify to take a distribution (other than a hardship distribution or a required minimum distribution) and you own American Funds Class A, B or C shares, you can request a direct rollover to an IRA. If you own American Funds Class R shares, they have to be sold so that the proceeds can be used to purchase Class A, B or C shares in an IRA.

The amount you pay in taxes will be reduced when you open an IRA account depending on the amount of the contribution and your tax rate. The following table presents several examples:

The account holder received a Receivers Certificate in exchange for the Allocation payment. This certificate has a face value equal to the amount paid. As a result, a taxable event has not occurred, until such time as the Receiver Certificate is sold or otherwise determined to be canceled by the Receiver. This process is expected to take time. If the transaction occurred within an IRA, it is unlikely that a taxable event has occurred. Please consult your tax advisor.

Yes. You can open these accounts directly with the fund by downloading an application from the website, calling our toll-free number, 1-800-930-3828 or through any one of the participating brokers.

Regardless of income, any individual with compensation from employment or earned income from self-employment and under age 70? (or the spouse of a working individual) is eligible to contribute to a Traditional IRA. Contributions for an unmarried person are tax deductible if the individual is not an active participant in an employer-sponsored retirement plan. Those who are active plan participants must meet specified income limits to qualify for tax-deductible contributions.

Contributions to an IRA account for tax year 2005 must be made not later than April 18, 2006, or the date in which the taxpayer files his income tax return for that particular year (including any extension applicable to file).

One major benefit of an IRA is that growth is not federally taxed until funds are actually withdrawn. This process is sometimes referred to as "tax deferral" and it allows for a more rapid build up of funds over the years.

IRA is an Individual Retirement Account. Many banks can open this type of account for you. Money that is set aside in your IRA is tax-sheltered until you withdraw it after age 59?. If you do withdraw the money before you turn age 59? an additional 10% penalty tax may apply. When you opt for a lump sum payment of your pension you can have the lump sum directly rolled over into your IRA in order to temporarily postpone paying taxes.

Missouri taxes all pension and retirement income received while residing in Missouri; to the extent it is taxable on the federal return. However, Missouri does allow a pension exemption of up to $6,000 per individual, if certain income limitations are met. The pension exemption is phased out one dollar for every dollar in which the taxpayer's income exceeds the ceiling for the filing status claimed. The maximum exemption allowed for government pension is $6,000.

The heir can spread the withdrawal over his or her life, continuing the tax shelter for amounts not withdrawn.

Most employers report pre-taxed contributions, which are tax-deferred. Your Annual Statement will indicate the amount of your pre-taxed contributions as well any amount of post-taxed contributions. Post-taxed contributions have already been taxed.

Capital Ideas will not take physical possession of your securities. All of the securities holdings within your portfolio will need to be traded through a registered brokerage house. If you have a stockbroker, Capital Ideas can direct all trades through him or her and your assets will remain in the custody of that brokerage house.

The funds' Registrar independently determines the value of the securities held by each fund. In the case of equities, this is normally based on the last reported sale price as of 5:30 p.m. Bermuda time (normally 10:30 p.m. Luxembourg time) on the valuation day.

The FairTax is a single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. A rebate makes the effective rate progressive.