Five Ways to Withdraw Your Retirement Savings Early – 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
Use age-based exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we...
Read more
Five Ways to Withdraw Your Retirement Savings Early – Part 1
We educate consumers on the lesser known exceptions to the 10% penalty on early distributions from retirement accounts. Includes IRAs, disability, 1099-R, and form 5329.
Mar 15, 2016
Use disability-based exemptions 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. In...
Read more
Early Withdrawal Penalty Exceptions – Part 1
We educate consumers on the lesser known exceptions to the 10% penalty on early distributions from retirement accounts. Includes IRAs, disability, 1099-R, and form 5329.
Mar 15, 2016
Early Withdrawal 10% Penalty Exception – Disability There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. In this series, we will help educate consumers on many...
Read more
Congress Makes IRA Qualified Charitable Distributions (QCD)
Qualified Charitable Distribution (QCD) of up to $100,000 can go directly to a charity without being included in taxable income.
Jan 19, 2016
Qualified Charitable Distribution – A Permanent Rule Since 2006, IRA owners who are at least 70½ years old could make a Qualified Charitable Distribution (QCD) of up to $100,000 directly from...
Read more
Did You Miss the Required Minimum Distribution Deadline?
Did you miss the required minimum distribution deadline? Learn about the consequences of missing the deadline and how you can avoid them.
Jun 23, 2014
So, what is a “required minimum distribution” (RMD)? Basically, the IRS requires that owners of tax deferred retirement accounts begin withdrawing (and paying taxes on) minimum amounts each year upon attaining...
Read moreYou’ve Just Inherited A Retirement Account…Now What?
Congratulations! You've inherited a retirement account! What do you next? Here are three options.
May 05, 2014
Congratulations! You’ve inherited a retirement account! What do you do next? Here are three options. Option 1: Open An Account Called An Inherited IRA With this option, you can rollover the...
Read more