Levine, Jacobs & Company, LLC, Member Defines What Can Be Withdrawn Into A Roth IRA
Michael Karu, CPA/CFF, quoted on NJ.com regarding what can be deposited into IRA.
- Newark, NJ (1888PressRelease) May 04, 2019 - Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com where he answered the question “Can I put my IRA withdrawal into a Roth IRA?”
According to Karu, “In a nutshell, no, you can’t. There are specific rules for contributions to Roth IRA’s and, as you suspected, having “earned income” is one of them. There are also rules dealing with direct rollovers from a traditional IRA to a Roth IRA, but those must be done without withdrawing the funds from the traditional IRA first.”
To read the article, please visit http://bit.ly/2WlYBWB
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
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