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I have a client who's husband is on permanent disability.
I have a client who's husband is on permanent disability. She took an early distribution from a 401k. Can I use the 5329 to waive the 10% if it is the spouse who is disabled or does it need to be the … read more
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My wife suffer a stroke back in January what if any taxes would she have to pay on an early with draw from her 401k… read more
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After 27 straight years of employment I am now without a job
After 27 straight years of employment I am now without a job going on 6 months. I need to cash in my 401k and IRA in order to pay bills. I'm 50 years old and I was in the 30% tax bracket. My wife has … read more
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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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If age 53 to 55 and disabled, can person withdraw funds from
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Im 55 and ten years older than my wife. If I pass away, when
I'm 55 and ten years older than my wife. If I pass away, when can she cash in the 401K, and what are the tax imlications?… read more
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How can I avoid an early-withdrawal penalty if I cash out part
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In 2009, I withdrew my entire 401k plan to pay credit card
In 2009, I withdrew my entire 401k plan to pay credit card debt. I had the brokerage company deduct applicable taxes. When my plan money combined with my disability, I had to pay the IRS 8K. This has … read more
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I received a letter of award form social security that I was
I received a letter of award form social security that I was disabled in October of 2009. Does that mean that I'm considered disabled for the whole of 2009 or just from the date I sreceived the award?… read more
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My wife has been on permanent disability for the past three
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My wife has been permanently disabled for the past 3 years;
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Hello At 59 I need to use my 401K in order to purchase a
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In 2008, I was disabled and receiving social security. My husband was laid off and was under doctors order to take care of me after a car accident in which i was injured further. My husband cashed out… read more
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I took an early unqualified dispersement from my 401k. Is ...
I took an early unqualified dispersement from my 401k. Is there any way to avoid paying the 10% penalty?… read more
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Iam on Disiability can i withdraw funds early from an IRA
Iam on Disiability can i withdraw funds early from an IRA without penalty? can they estimate the threshold income that a disabled person living only on disability would need to withdraw from an inheri… read more
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Can I cash out my 401k account from last employer due to ...
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My company was bought out by another company and the 401k ...
My company was bought out by another company and the 401k of the old company is being terminated. I am 62 years old and terminated my employment with the new company. Will I be penalized if I cash out… read more
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