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I want to check my understanding of taxes for early IRA
Hi! I want to check my understanding of taxes for early IRA withdrawals for payments. I'm taking out money from a Traditional IRA and it doesn't meet any exclusions - it is subject to federal and tax … read more
Chad EA, CDFA®, CFP®
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I have a tax question about filing an amended return … read more
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I am out of work and looking to withdrawl some of my
I am out of work and looking to withdrawl some of my retirement money to get by. I live in Wisconsin. Would it be smart to transfer my money from my Traditional IRA to my Roth IRA first and then withd… read more
Lane
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I'm 60 years old, retired and receive a small pension ($850
I'm 60 years old, retired and receive a small pension ($850 per month). I may go back to work if the right opportunity comes along or just work part time. I owe about $183,000 on my home and would lik… read more
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Have a question about early Ira withdrawl I'm trying to
Have a question about early Ira withdrawl I'm trying to understand the penalty associated with early withdrawl and the taxation following early withdrawl ? As far as I been told early withdrawl in my … read more
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my message may have gone through before I finished...so here
my message may have gone through before I finished...so here it is again. 1) I am disabled. Will I still be charged the 10% penalty for early withdrawl on my 401K 2) I received approx. 26,000.00 in so… read more
Megan C
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is there any penalty for withdrawing money from our ira if
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Lane
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I have created a tax mess!I need to know approximate taxes
I have created a tax mess!I need to know approximate taxes I will owe on money I withdrew.I withdrew $10,000 from my roth ira that at the time had a value of $24,171.I also withdrew $4,000 from the sa… read more
socrateaser
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I am going to take $66,456. out of a 457 retirement plan to
I am going to take $66,456. out of a 457 retirement plan to put as a downpayment on a condo. I also need to take $52,592. from my IRA. Should I ask for more to be withheld for taxes so that I don't ge… read more
Richard
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I am thinking about buying a home and using money from an IRA
I am thinking about buying a home and using money from an IRA for a downpayment. As I understand it, there is a government program that allows a first-time home buyer to withdraw up to 10K of IRA fund… read more
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I need about $18,000 that I am going to withdrawl from my SarSep
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How can I calculate the tax on a IRA withdrawl I am 63 years
How can I calculate the tax on a IRA withdrawl? I am 63 years old and salary for this year will be about $44,000. The withdrawl to buy propery will be between $100-200 thousand dollars. I am in Ca.… read more
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I am 46 years old and I have a self directed IRA that I want
I am 46 years old and I have a self directed IRA that I want to withdraw some funds from to pay off debt that I need to rid myslef of. So I have two questions: 1) I want to keep my totoal income for t… read more
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Hi, I dont weant to do this but my situation may require it.
Hi, I don't weant to do this but my situation may require it. I have 53,000 in an IRA right now. If I need to withdraw this, can you let me know tax hit and also how much of it I would have to put asi… read more
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My name is XXXXX XXXXX I am 72 years old. I have two IRA accounts,
My name is XXXXX XXXXX I am 72 years old. I have two IRA accounts, one which is doing OK and a second, smaller one which I would like to close in order to pay off some debts and for other expenses. I … read more
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If I cash in an IRA of $16,812.71 early, I know I have to pay
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I have $17,000.00 in back tax dept and $16,000.00 in an IRA
I have $17,000.00 in back tax dept and $16,000.00 in an IRA and at this time it appears it is my only option How should I go about it?… read more
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I live in Michigan and my divorce gave 1/2 of a small ira ...
I live in Michigan and my divorce gave 1/2 of a small ira (rolled from an emploee 401K) to my ex. I will have the income (1099) on my income for 2008. Th x is ordered the tax burden but unless I have … read more
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