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Wife had inoperable cancer and I took cashed out 401k. Can I
Wife had inoperable cancer and I took cashed out 401k. Can I avoid penalty? Should be considered community property. … read more
abci168
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My wife took out a loan against her 401k and subsequently defaulted
My wife took out a loan against her 401k and subsequently defaulted due to a permanent disability. I understand that we have to pay taxes on the disbursement but do we have to pay the penalty as well?… read more
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I Am in a last resort sort of situation and am considering
I Am in a last resort sort of situation and am considering taking an early withdrawl from my tsp (federal employee) retirement account. My income from my 2012 tax return was aproximately 70k, I claim … read more
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If I take a partial withdrawl from my traditional IRA to invest
If I take a partial withdrawl from my traditional IRA to invest in gold, will I have to pay taxes on the partial withdrawl?… read more
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Hello, Im on SSDI (Disability) and would like to withdraw
Hello, I'm on SSDI (Disability) and would like to withdraw some funds from my IRA, Is there a limit to how much I can withdrawl and what would the penalties be that I would incur? Thank you… read more
LEV
LEV
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Spouse is permanently disabled and receives SocSec. Her previous
Spouse is permanently disabled and receives SocSec. Her previous employer 401 plan did not allow us to contribute because of her disability status. We rolled her 401 last year into Vangaurd Traditiona… read more
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I HAD TO RETIRE BECAUSE I HAD AN ON THE JOB INJURY AS A FLIGHT
I HAD TO RETIRE BECAUSE I HAD AN ON THE JOB INJURY AS A FLIGHT ATTENDANT.I ROLLED OVER MY 401K INTO AN IRA AND TOOK MONIES OUT TO PAY OFF MY CAR AND CREDIT CARDS THE IRS TAXED ME THREE TIME FOR EARLY … read more
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On 12/10/08 I received a total distribution for my 401K in
On 12/10/08 I received a total distribution for my 401K in the amount of $53,954.53. Income tax was withheld in the amount of $10,790.91. I had a looan balance of $8494.06 and actually received a chec… read more
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My wife has been permanently disabled for the past 3 years;
My wife has been permanently disabled for the past 3 years; although the insurance company has ruled that she is disabled, the Social Security Administration has not officially (we expect a ruling in … read more
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i failed to report ss disability income on my 07 return. received
i failed to report ss disability income on my 07 return. received a lump sum which included a years worth of back payments . irs is requesting significant $ for unpaid tax and penalty. best way to res… read more
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Will I have to pay taxes on the full $200,000 that Im contemplating
Will I have to pay taxes on the full $200,000 that I'm contemplating withdrawing in a lump sum from a SEP/IRA at a big insurance company . My fear is that this insurer will go broke & not have any fun… read more
LEV
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WE CASHED IN A RETIREMENT IRA BUT WE USED THE MONEY TO PAY
WE CASHED IN A RETIREMENT IRA BUT WE USED THE MONEY TO PAY OFF OUR MORTGAGE DO WE GET ANY TAX BREAKS… read more
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My 401k is split with my wife for a divorce with a QDRO.
My 401k is split with my wife for a divorce with a QDRO. Can she take the cash without penalty or does she have to roll it over into an IRA etc.… read more
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My wife has an annuity with XXXXX XXXXXcock. I know if she ...
My wife has an annuity with XXXXX XXXXXcock. I know if she was to withdrawl it we would pay a penality both to J. Hancock and IRS. My question is if we were to purchase a home is there any leave way o… read more
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why doesnt a 401k exempt early withdrawl penaties for
why doesn't a 401k exempt early withdrawl penaties for forced permanent disability retirement?… read more
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Thank you for your previous response. As far as ...
Thank you for your previous response. As far as withdrawling my wife's annuity, it was mentioned that she may have to pay a penality to the irs for early withdrawl. She was given this money as a resul… read more
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My friend withdrew her 401K early last year, due to ...
My friend withdrew her 401K early last year, due to financial hardships from a divorce which even as we speak hasn't been resolved yet. She had to move to a new city because of the custody agreement a… read more
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When a profit sharing plan is being dissolved because of ...
When a profit sharing plan is being dissolved because of the business being sold. All employees must be cashed out. If they want to use some of that money do they in addition to paying taxes on it sti… read more
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