Posts Tagged ‘can’
Ira Rules In
December 18th, 2010
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*
Posted in IRA Rules | 
Tags: can, contribution, how, i, in, IRA Rules, ira rules in, ira rules investments, roth ira rules income | 
No Comments »
Rules Roth Ira
October 2nd, 2010
Question: Where can I find information about latest Roth IRA rules?
Answer: This section of the IRS Publication 590 describes the latest information on Roth IRAs:
http://www.irs.gov/publications/p590/ch02.html#en_US_publink1000230961
Posted in IRA Rules |
Tags: can, distribution rules roth ira, how, ira, irs rules roth ira, new rules roth ira, roth, roth ira, rules, rules roth ira, rules roth ira withdrawal |
No Comments »
Aroth Ira Rules
January 29th, 2010