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I want to purchase a home and I am using funds from a Roth
I want to purchase a home and I am using funds from a Roth IRA and a small Traditional IRA to make the downpayment. I know there is an exemption to the tax for qualified homebuyers, but I can't find t… read more
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I have a Roth IRA and a traditional IRA. Im planning on purchasing
I have a Roth IRA and a traditional IRA. I'm planning on purchasing a home (first time home buyer), and would like to understand my options for using funds from both of these accounts. Does the 10,000… read more
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How can I determine what taxes I will owe from an early distribution of my Traditional IRA? Also, under what circumstances would I qualify for the exception that would exempt me from the IRS penalty a… read more
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hello- i want to withdrawal my retirement funds from the state
hello- i want to withdrawal my retirement funds from the state of texas, as i am no longer employed with them. however, i do not want to pay 20% of my funds to do this. i read that i can rollover to a… read more
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I am in the process of purchasing a home and would like to
I am in the process of purchasing a home and would like to use some of the money I have sitting in a 401k with my previous employer. My Retirement specialist indicated that the only way I could use th… read more
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As a first-time home buyer I would like to take advantage of
As a first-time home buyer I would like to take advantage of withdrawing money penalty free from my IRA retirement accounts. I have both traditional and roth IRA accounts. Is the $10,000 lifetime cap … read more
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For early withdrawal from an IRA account, before age 59.5,
For early withdrawal from an IRA account, before age 59.5, what are the penalties, are they 10% for the entire amount in the account if you withdraw some of the money, or is it 10% on any money that i… read more
Stephanie B.
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I know that a married couple can withdraw up to 20K penalty
I know that a married couple can withdraw up to 20K penalty free from a traditional IRA for the purchase of a 1st home. Does the 20K have to come equally from 2 different IRA accounts (mine and my wif… read more
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Hey Bill. Its me again. The retired postal worker at 63
Hey Bill. It's me again. The retired postal worker at 63 in July 2006. One more Question. Does a withdrawal from my IRA affect my Medicare B Benefits? I am now thinking about a $20k withdrawal from my… read more
Bill
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I made $22,000 in after tax contributions to my 401K. I rolled
I made $22,000 in after tax contributions to my 401K. I rolled over the entire 401K, $185,000 to an IRA. I took out $10,000 from the IRA. Is there a way to avoid paying additional taxes on this money … read more
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if i have $300K in retirement funds to rollover into an IRA
if i have $300K in retirement funds to rollover into an IRA and plan to use most of it to pay off high interest debt and leave around $100K to invest, what kind of IRA should i roll it over to minimiz… read more
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I want to take IRA distributions in the amount of $33,000 to
I want to take IRA distributions in the amount of $33,000 to pay credit card debt. If I have 30% of it withheld for taxes and penalties, will that be enough to cover all federal and PA state income ta… read more
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I want to take some money out of my IRA. I am 73 years old.
I want to take some money out of my IRA. I am 73 years old. I need to recoup some medical expenses I had to pay out. My finanacial consultant is telling to me to take it out of my managed accounts. i … read more
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I have a question about the $10,000 IRA withdrawal limit for
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RD
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I have a Sallie Mae Loan that I took out as a parent for my ...
I have a Sallie Mae Loan that I took out as a parent for my son when he was in college the last few years. The amount is around $10,000. Can I withdraw money from an IRA/TSA without penalty to pay off… read more
jgordosea
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Can money be withdrawn from an IRA be used as a down
Can money be withdrawn from an IRA be used as a down payment on a primary residence without it being penalized with income tax?… read more
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What happens if u take out 10,000 dollars from ...
What happens if u tak eout 10,000 dollars from traditional ira and taxes on it is reversed? In other words i thought their was a taxe break on ur irs withdraw if it was for the purshcase of a home?… read more
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My wife and I are both in our 30s. She has ~$19k and I ...
My wife and I are both in our 30s. She has ~$19k and I have ~$8k in traditional IRAs. We plan to build a house this year and will be withdrawing money from our IRAs to cover part of our downpayment. M… read more
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