IRA

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Asked by Kiiyana
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
If you are younger than age 59½, the funds you take from your IRA is subject to being included in gross income as well as a 10% tax penalty. There are certain exceptio...
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Q&A
Asked by Joel
Answered by Stephen Hartel, MBA, AIF in Denver, CO
Joel, Yes, the IRS allows you to take the RMD from whichever account(s) you wish, as long as the total is correct. Best regards, Steve
Q&A
Asked by Derrell
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Derrell IRS rules prohibit putting your RMD into another tax-advantaged retirement account. Have you considered converting the remaining portion of your traditiona...
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