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What are exceptions to the 10% penalty for early withdrawals
what are exceptions to the 10% penalty for early withdrawals from Roth, traditional, and/or SEP IRAs?… read more
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I got a letter from the IRS from a Roth distribution back in
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If someone has a $60,000 distribution from a pretax IRA and
Roger,If someone has a $60,000 distribution from a pretax IRA and 15% is withheld for taxes, can't they contribute the withholding to a Roth. So they got a net of $51,000. Can't they make an extra $9,… read more
taxmanrog
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I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
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I am trying to move about $125k from a traditional IRA that
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My income limit prevented contributing directly to Roth IRA
My income limit prevented contributing directly to Roth IRA as I've always done. Maximized ($5500) non-deductible contribution to traditional IRA and completed backdoor Roth conversion before the end … read more
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i have a 401 k account from my previous employer years ago in a bank. now i have another 401 k account with my next employer in another bank. and with the second bank, i also have a roth ira account. … read more
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Im 58 yrs old. I left my last job 40 days ago. I rolled
I'm 58 yrs old. I left my last job 40 days ago. I rolled my 401k that was with them into a Traditional IRA. Can I now roll a part of that into a Roth IRA pay the taxes in 2011 & 2012 then withdraw fro… read more
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I just retired (actually accepted a early retirement package). I am 57 yrs old. I am rolling over my 401k to an IRA acct. Since I haven't reached 59 1/2 yet, is it possible to use some of my 401k mone… read more
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