In New York, judgments are valid for 20 years. In addition, judgment creditors may extend the period beyond twenty years if they make the proper application in Court before the 20 years lapse. Other states may vary from 7 to 25 years. Judgments collect interest. In New York it's 9% per year.
Member SIPC.Schwab Institutional is a division of Charles Schwab & Co., Inc. FTA 02586 (1106-8352) REG34983SIPDF-03 (11/06) If your state of residency is:Your withholding options are:DE, IA, KS, MA, ME, NEIf you elect to have federal income tax withheld, Schwab is required to withhold state income tax.
If the traditional IRA is not deductible (which it wouldnât be if you are doing a backdoor IRA), zero taxes incurred on a Roth withdrawal, will always be a better deal than the taxes on a withdrawal from a traditional IRA.or example, Fauzia is a single 40 year old senior engineer who earns $127,999 per year who contributes $17,500, pre-tax to her workplace 401k. Fauzia would like to increase her retirement contributions and implements the backdoor Roth strategy. She opens a traditional IRA and contributes $5,500 of after-tax dollars.