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.
The general rule is that you must have taxable income in order to make an IRA contribution, but not just any type of taxable income will do. Your income must be considered compensation in order to be able to use it to make an IRA contribution.The following is a list of items that are considered compensation and items that are not considered compensation for the purposes of making an IRA or Roth IRA contribution.The rules for SEP and SIMPLE IRA contributions are different.f you have any questions on whether or not you have compensation, you should consult with a specialist in this area. There is a 6% penalty for making an ineligible contribution. That penalty continues to apply each year the ineligible contribution remains in the IRA.