IRA Rules

Archive for the ‘IRA Rules’ Category

Question: 72T Early IRA distribution?

Is it better to try to get a special letter ruling from the IRS? Or is it better to pay someone to apply for this early regular distribution?

Answer: They don’t do letter rulings for this. You need an EA or CPA to talk to about this.

الدبابة الباكستانية الخالد رعب فى الصحراء

IRA Rebel Songs – Those “Protestant” Men

Question: How long must the money be in an IRA to be used as downpayment?

I just moved my money from my previous employer’s pension plan to an Scottrade IRA account. I want to take out 10K for the down payment of my house. Are there any rules how long the money must have been in the IRA account before it can be taken out?

Thank you!

Answer: For a Roth, it must be in there for 5 years. Beware though that even if you can take out there money, it will not be tax/penality free.

NOYNOY AQUINO – IRA SHARING *CLOSING STATEMENT*