Income Tax on earnings + 10% penalty (non-qualified disbursement)

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Oct 5, 2015
10:37:47am

Saxa

Income Tax on earnings + 10% penalty (non-qualified disbursement)

Report problem with this ad

Saxa

Previous username: jota
Bio page: Saxa
Joined: Mar 1, 2001
Last login: May 15, 2024
Total posts: 17,928 (306 FO)

Report problem with this ad

Messages

Author

Time

My wife forget about a Roth IRA her mom set up for her in 2008,

JohnnyB

10/5/15 10:32am

Contributions can be taken out tax and penalty free. Unless you fall under an

10/5/15 10:35am

$1k can be withdrawn tax and penalty free. Earnings would be taxed as income

RdF3

10/5/15 10:36am

Income Tax on earnings + 10% penalty (non-qualified disbursement)

Saxa

10/5/15 10:37am

How old is your wife?

CDV

10/5/15 10:41am

31. So not close to retirement.

JohnnyB

10/5/15 10:47am

Just think how much it will be worth if you leave it alone for another 30 years

Sea Chicken

10/5/15 10:48am

<< Deleted >>

Sea Chicken

10/5/15 10:48am

What kind of retirement accounts do you use? If she has a different roth IRA she

supertux

10/5/15 10:59am

RE: My wife forget about a Roth IRA her mom set up for her in 2008,

Bullrider

10/5/15 3:36pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad