The Ventra app lets you check your Ventra Card's balance, add value or passes, get arrival/departure times and account alerts in a quick and easy-to-use app. You can even use the fare value from your Ventra transit accounts to buy mobile tickets for riding Metra trains right in the app.
If you convert money from another account to a Roth IRA before age 59 1/2, you must wait five years from the date of the conversion to withdraw the converted monies penalty free. If you turn 59 1/2 before five years have passed, you are eligible to take a distribution tax and penalty-free.arnings, however, are another story. You must reach the age of 59 1/2, and your Roth IRA must have been open for five years, before you can take out any earnings with no taxes or penalties. If you withdraw earnings before five years have passed, you will be subject to a 10 percent penalty plus ordinary income tax.
With a 401(k), taxes are deferred until after retirement. With a Roth IRA, you pay taxes now, but can take the money out tax-free when you are retired. For that reason, the decision to convert from a 401(k) to a Roth IRA depends your current income tax rate and the rate you expect to pay when you retire.The rule of thumb is this: If you expect to be in a higher tax bracket when you retire, convert to a Roth IRA. Here's why.If you currently pay a 25 percent tax on your income, it's better to pay now and reserve your tax-free Roth IRA distributions for retirement, when you are in the 35 percent tax bracket.ith a 401(k), you are required to start withdrawing from the account at age 70Â½. There's no such required minimum distributionwith a Roth IRA [source: IRS ]. If Joe wants, he doesn't have to touch the money in his Roth IRA at all. Joe has always wanted to leave something behind for his kids and grandchildren.