IRA

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Retirement Withdrawals, Home Purchases and the 10% Early Withdrawal Penalty

By | September 9th, 2020|Categories: Potpourri of Tax Topics|Tags: , |

If you take money out of a retirement account to buy a house (for example to make a down payment), you can avoid the 10% early withdrawal penalty ... but only on IRA withdrawals.  The rules on retirement withdrawals are tricky and vary between 401(k) accounts and IRAs. With home purchases, you can take money out [...]

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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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Glossary: Non-Deductible IRA Contributions

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

A non-deductible IRA contribution refers to money put into a traditional IRA, for which the taxpayer does NOT get a tax deduction.

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How to Calculate an RMD

By | September 28th, 2015|Categories: Potpourri of Tax Topics|Tags: , , , |

This post discusses how to calculate an RMD.

Glossary of Tax Terms: Roth IRA

By | July 30th, 2015|Categories: Glossary|Tags: , |

This blog post defines what Roth IRA means

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