Individual Retirement Accounts (IRAs) are types of savings accounts designed to help you set money away for retirement in a tax-advantaged account. Two of the most common types are traditional and...
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Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – First Time Homebuyers Exemption
We show how first time home buyers can withdraw from their IRA to purchase a home.
Jul 20, 2017
Continuing in our series on exceptions to the 10% withdrawal penalty, we identify qualified first-time homebuyers as another exception. Rules This exception applies to IRAs only. Employer Qualified Retirement plans are...
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Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Using Substantially Equal Periodic Payments
Continuing in our series on exceptions to the 10% withdrawal penalty, we highlight Series of Substantially Equal Payments (SEPP).
Mar 14, 2017
Continuing in our series on exceptions to the 10% withdrawal penalty, we identify series of substantially equal payments (SEPP). How It Works If distributions are made as part of a series...
Read moreYour Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption
How to avoid paying the 10% penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption.
Nov 22, 2016
Continuing in our series on exceptions to the 10% withdrawal penalty on retirement savings, we highlight how to take advantage of the exemption for qualified higher education expenses.* Eligibility Qualified education...
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Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Part 1 QDRO
Avoid Paying the 10% Penalty on Retirement Savings Withdrawals with a Qualified Domestic Relations Orders (QDRO). Applies to IRAs and tax reporting.
Sep 27, 2016
Using a QDRO to Withdraw Retirement Savings without a 10% Penalty There are numerous exceptions to the 10% penalty on retirement savings. In this series, we will help educate consumers on...
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Five Ways to Withdraw Your Retirement Savings Early – Part 5
Exceptions to 10% penalty on early distributions from retirement accounts. Includes beneficiary distributions, Inherited Qualified Plan Assets & IRA Assets.
Aug 16, 2016
Use Beneficiary Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. ...
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Five Ways to Withdraw Your Retirement Savings Early – Part 4
Use Corrective Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty.
Jun 14, 2016
Use Corrective Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. Continuing in our series on exceptions to the 10% withdrawal penalty, we identify corrective...
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Early Withdrawal Penalty Exceptions Series – Part 3
Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements.
Apr 26, 2016
Early Withdrawal – Permissible Withdrawals Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible withdrawals as another exception. The Pension Protection Act of 2006 (PPA),...
Read moreFive Ways to Withdraw Your Retirement Savings Early – Part 3
Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements.
Apr 26, 2016
Use permissible withdrawal exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible...
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Early Withdrawal Penalty Exceptions Series – Part 2
We educate consumers on the lesser known age based exceptions to the 10% penalty on early distributions from retirement accounts. Includes Age 59 ½, Public Sector Employees, Retirement and 1099 Reporting.
Apr 12, 2016
Early Withdrawal 10% Penalty Exception – Age With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we will discuss how to avoid the early withdrawal penalty...
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