Okay so in 2008 I received an early distribution from an ESOP retirement plan that I had with a company I worked for. I paid the 10% penalty for taking an early distribution I remember that. I didn’t put it on my taxes because I thought I already paid taxes on it so I didn’t…

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I am really confused. I’m doing my own taxes, because I’m cheap and want to save $100. I am having trouble with the following questions online: Did you withdraw or receive distributions or payments from:A retirement plan such as an IRA, Roth IRA, or 401(k) in 2005 or 2006? A retirement plan such as an…

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Hi, I was thinking about this scenario recently: December 31st, 2035, I turn 70; December 31st, 2036 I’ll be 71. I will always take my RMD before Midnight, December 31st of each year once I begin taking them. To calculate RMDs from my and my wife’s IRAs (excluding Roth IRA) and my 401K, is the…

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I’m trying to start my retirement planning (roth IRA) at an early age. I’m 23, recent college grad, newly married. I have a small amount per month that I’m able to put in but not a whole lot right now. IT seems like everwhere I look they require either a high monthly deposit or 3000-4000…

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Andrew plan to retire in 40 years. He is thinking of investing his retirement funds in stocks, so he seek out information on past returns. He learns that over the 101 years from 1900 to 2000, the real (that is, adjusted for inflation) returns on U.S. common stocks had mean 8.7% ans standard deviation 20.2%.…

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Avoiding hardship withdraw penalties with a 401(k) involves making sure the hardship falls under the IRS guidelines for an emergency financial need, such as funeral expenses, college tuition or to stop the foreclosure or eviction process. Avoid being penalized with a 10 perecnt fee when withdrawing from a 401(k) with tips from an investment professional…

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I have a 401k with Nordstrom. I was employed there over the summer. Now they told me I have 30 days to do something with my funds it or I would receive a distribution of the funds (I think). The reason they are doing this is because the amount is so little, it’s $175. So…

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