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Taking out 200,000,00 before taxes out of my IRA, to
Taking out 200,000,00 before taxes out of my IRA, to purchase a rental property/vacation home. What would the taxes be, our income before that would be 110,000.00 annually. … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am going to be cashing out my 401k as I need the money to
I am going to be cashing out my 401k as I need the money to pay my mortgage. I am not sure if there are any other options as far as being able to access the funds without having to pay all the taxes. … read more
Tax.appeal.168
Tax.appeal.168
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I am 59 1/2 and am thinking of withdrawing IRA money to
I am 59 1/2 and am thinking of withdrawing IRA money to invest in a retirement home for the future. Am I able to do this, what are the penalties and how much can I withdraw?… read more
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I am interested in making an early withdrawal to pay off
I am interested in making an early withdrawal to pay off debt from my Rollover IRA. I want to be sure I understand the tax and penalties. … read more
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I withdrew $100K from an inherited IRA, $80K of which I am
Hi there I withdrew $100K from an inherited IRA, $80K of which I am using for a down payment on a house and I didn't have taxes withheld when I requested the distribution. I expect to make an addition… read more
Chad EA, CDFA®, CFP®
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I was wondering what the taxes would be on a 401k withdraw
i was wondering what the taxes would be on a 401k withdraw of 80,000 after 59 1/2 … read more
emc011075
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I am 52 years old.....buying a house and pulling money out
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Lane
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Does a 401k withdrawal count as regular taxable income...I
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Lev
Lev
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Bachelor's Degree Equivalent
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Hi: I recently won, or I should say "cashed out" 90,000
Hi: I recently won, or I should say "cashed out" 90,000 that i won on Borgata Online in NJ. I hit several small jackpots, then i hit one for 17k, then the big one (84k). i did play some of it back, bu… read more
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recently transferred my traditional IRA to a ROTH IRA and need
recently transferred my traditional IRA to a ROTH IRA and need to decide how much state and federal taxes I should withhold. My goal is to maximize my future returns (assuming I am in a higher tax bra… read more
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I divorced this year and got 145,000 in a retirement account.
I divorced this year and got 145,000 in a retirement account. I would like to withdraw $40,000 for a home purchase. I only work part time so cannot get a mortgage, but have cash on hand and with the $… read more
Lane
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Need tax impact-withdrawal from self dir Real Est. IRA Trust
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i received a distribution on my 401K, unintentionally. (My
i received a distribution on my 401K, unintentionally. (My old employer closed their plan and did not give me proper information) Of the $80K in the 401K, I received a check for $64K with $16K (20%) w… read more
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If I use my IRA moneys to pay back. What are the tax issues.
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Merlo
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I need about $18,000 that I am going to withdrawl from my SarSep
I need about $18,000 that I am going to withdrawl from my SarSep and I have about $35,000 total in the account. Now I know that I will need to pay the penelty along with the taxes. The question is wou… read more
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My husband and I are looking to draw out part of his IRA early
My husband and I are looking to draw out part of his IRA early to pay some bills off. How much taxes and penalty should I figure to pay out of the money we get so we do not have to worry about paying … read more
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i took a $27500.00 early witdrawel from my 401k...They witheld
i took a $27500.00 early witdrawel from my 401k...They witheld 10%...what would my tax liablity be? im in the 28% tax bracket… read more
Lev
Lev
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Bachelor's Degree Equivalent
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im in financial trouble, i have to borrow from my tsp ...
im in financial trouble, i have to borrow from my tsp account (thrift savings plan) no other choice , i need to take 21,000 $dollars from it for financial hardship matters , what kind of penalty's wil… read more
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