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I am interested in paying off my house with my 401K. I am 67
I am interested in paying off my house with my 401K. I am 67 and retired, not drawing SS yet what are the tax implications? … read more
Tax.appeal.168
Tax.appeal.168
Principal
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My wife and I wish to help our daughter and son-in-law
My wife and I wish to help our daughter and son-in-law purchase their first home with a down payment, we plan to take $70,000 each from our 403b and 401k plans. I am retired so this will be a withdraw… read more
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I am 63 making $ 70,000 a year. My 401k is $200,000. I am
I am 63 making $ 70,000 a year. My 401k is $200,000. I am planning to retire at 65. May be earlier. My social security at 63 is $1800, at 65 will be $2000. What is the best way to withdraw my 401k at … read more
Robin D.
Robin D.
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Do I start drawing now [ I will be 66] on the 21 nov. if I
Do I start drawing now [ I will be 66] on the 21 nov. if I do must I draw my 401k all at once or how will this work? … read more
Barbara
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I am 63 and have been drawing social security over a year,
I am 63 and have been drawing social security over a year, my question how much income can I make with out effecting my monthly social security? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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My husband and I combined earn roughly 170k / adjusted
My husband and I combined earn roughly 170k / adjusted earnings are closer to $120k yearly. We have an investment opportunity and want to know if I draw $25 - $30k from my 401K what the tax impact wil… read more
Robin D.
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If I use some of my IRA to purchase a home for myself
if I use some of my IRA to purchase a home for myself (manufactured home) will I be taxed on the full amount that I withdraw from my IRA ?… read more
Mark Taylor
Mark Taylor
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Masters
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I am new tax prepare. My client she invested $ 85 K in 401K.
I am new tax prepare. My client she invested $ 85 K in 401K. One of his relative by mistake draw all the 85 K from her account. Later on she recovered the 85 K and deposited back to the 401K after 120… read more
Lev
Lev
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Am I required by law or can the administrators of my wifes
Am I required by law or can the administrators of my wifes 401K force me to take my share I am getting through a divorce as a roll over into another 401K? I prefer to just be given the money in a cash… read more
winktax
winktax
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Master's Degree
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I am just two months from being 59.5 yrs old. I am ready to
I am just two months from being 59.5 yrs old. I am ready to roll over my 401K into an IRA or a RothIRA. I want to take 1-15% of the total and apply that to pay off debt. I'll be working again as of ne… read more
DanielleCPA
DanielleCPA
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Bachelor's Degree
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In the State of Nebraska if you recieve unemployment can you
In the State of Nebraska if you recieve unemployment can you draw money out of your IRA to pay bills. I know that it is taxed both by the State and Fed but does it disqualify you from drawing unemploy… read more
Merlo
Merlo
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558 satisfied customers
I am a retired 64 year old lady with an income from retirement
I am a retired 64 year old lady with an income from retirement and SS of just under $18,500. a year, nothing being withheld. Have $3000. in deduction from my church, Humane Society, Feed the CHildren … read more
Merlo
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I em retire, 62, recieving SS. I need to draw a conciderable
I em retire, 62, recieving SS. I need to draw a conciderable sume from my retirement fund, a standard 401k. I have no real deductions other than the standard allowable. What I want to know is how to f… read more
Kophy
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I drew $45000 out of 401K to pay my house off because of financial
I drew $45000 out of 401K to pay my house off because of financial difficulties I was having. Federal tax of $7000 was taken out before I received it. Now it looks like I will paying another $8000, is… read more
Dave Z
Dave Z
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i received a cashier check from my ira at another financial
i received a cashier check from my ira at another financial instituion as i wanted to take it to another bank for a rollover and they coded it early distribution but my financial institution who recei… read more
Lev
Lev
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Can I take a distribution from my 401K to make a downpayment
Can I take a distribution from my 401K to make a downpayment to buy and rebuild the house I am renting? The mortgage bank will put the whole amount back into the same 401K plan when the new mortgage i… read more
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my wife lost her job, we are only a few weeks from ...
my wife lost her job, we are only a few weeks from foreclosure, we cannot refinance because of lack of income also our water well is going dry and we cant afford another one. how do i need to word thi… read more
Guru_Guy
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Doctoral Degree
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how do i pay my personal income taxes quarterly so i ...
how do i pay my personal income taxes quarterly so i don't get penalized? I am retired and am 67 yrs old and make 8000 dollars a year. i live in pa. with my wife. thanks… read more
Lev
Lev
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