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I contacted Fidelity to initiate an ira withdrawal of $200k
second opinion] I contacted Fidelity to initiate an ira withdrawal of $200k with the intent of refunding the Ira within the 60 day period. The representative from Fidelity told us that there was a $10… read more
emc011075
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I contacted Fidelity to initiate an ira withdrawal of $200k
I contacted Fidelity to initiate an ira withdrawal of $200k with the intent of refunding the Ira within the 60 day period. The representative from Fidelity told us that there was a $100k transaction l… read more
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How much income tax will I pay on a withdrawal of $240,000
How much income tax will I pay on a withdrawal of $240,000 from my IRA if I am under 59.5 years old? … read more
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I'm 63 years old. I would like to withdraw funds from a 401k
I'm 63 years old. I would like to withdraw funds from a 401k plan and roll it over to a traditional IRA. Is the withdrawal taxable? … read more
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I am eligible voluntary termination package at my company.
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I was off from my job when I was 56 (4 years ago) and
I was laid off from my job when I was 56 (4 years ago) and have not been employed since then. This year I had to take an early withdrawal fr om my retirement fund and I understand I have to pay taxes … read more
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exceptions to 10% penalty 401k distribution: I separated from
exceptions to 10% penalty 401k distribution: I separated from a company 6 years ago, and rolled over the entire amount of my 401k. in 2013, my company's plan was sued, and had to pay every 401k plan r… read more
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I withdraw 6 times 401 k to pay my credit card for gambling.
I withdraw 6 times 401 k to pay my credit card for gambling. Within 2 months of first withdraw, I win the money and roll it back. DO I Still need to pay income tax and penalty… read more
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Hello, I cashed out and rolled over an entire employer 401K
Hello, I cashed out and rolled over an entire employer 401K distribution from Fidelity in 2011. Fidelity's 2011 tax statement (forms 1099-DIV, 1099-INT, 1099-MISC, and 1099-B Summary of proceeds) show… read more
R. Klein, EA
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My wife lost her job in February 2010 and had an outstanding
My wife lost her job in February 2010 and had an outstanding loan against her 401K of $43,315. In order to avoid early withdraw penalties and taxes due on the amount; we wanted to repay the loan. The … read more
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My husband was laid off in December 2008. We both rolled our
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Hello Ed, My husband and I now owe close to 15K in taxes due
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My mother put her 401k into a Living Trust which then turned
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My husband will be 59 1/2 years old this December. He is able
My husband will be 59 1/2 years old this December. He is able to retire from his RR job when he is 60 in May 2009. He has a 401K that we would like to use to pay off some of our very high interest rat… read more
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My husband took a buyout from his company. He had 30,000 in ...
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A friend of mine (also a widow) received her husbands ...
A friend of mine (also a widow) received her husband''s 401k plan monies as a beneficiary. It was not taxable. I received my husband''s 401k as a beneficary and rolled it over to an IRA. At age 70 I h… read more
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my husband and I are considering closing and taking ...
my husband and I are considering closing and taking distribution on his Roth IRA that currently has about $29,000 in it. The money that was used as an investment in this fund was money from a prior 40… read more
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