Retirement Accounts

/Tag:Retirement Accounts

Retirement Plan Rollover Q&A

By | January 24th, 2018|Categories: Potpourri of Tax Topics|Tags: , , , |

Here's a sample of questions my clients commonly have about retirement plan rollovers.

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401(k) Withdrawals to Avoid Foreclosure Still Subject to 10% Penalty

By | January 16th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Withdrawals from a 401(k) account are difficult if you're still employed by the company offering the 401(k). Withdrawals are allowed in certain circumstances -- such as to avoid foreclosure -- but are still subject to income tax and sometimes to the 10% early withdrawal penalty.

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Glossary: ROBS Transactions

By | October 28th, 2016|Categories: Glossary|Tags: , , |

In the tax world, the term "ROBS" stands for "Rollover for Business Startup." In a ROBS transaction, a person uses existing retirement account money to fund the startup of a new business, and if done right, the transaction is tax-free.

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Should I Use Retirement Money to Start a Business?

By | April 21st, 2016|Categories: Small Business Tax and Accounting|Tags: , |

Should I use money from a retirement account to pay for start-up costs? I think most advisors would say this is a bad idea, and I generally agree.

Taxation of Railroad Retirement Benefits

By | November 5th, 2015|Categories: Potpourri of Tax Topics|Tags: , , , , |

A blog post about taxation of railroad retirement benefits, a topic that seems complex on the surface.