The real estate market is red hot right now. This can be especially challenging for first time home buyers. IRA savings are intended to be used for your retirement. However, if you are like many others, your IRA may be your biggest asset. You may need your IRA funds to make home ownership happen and there is a special break in the tax code that can help you.
If you are under age 59 ½ and you converted your traditional IRA to a Roth IRA, you will need to watch out for the five-year rule for penalty-free distributions of converted funds.
This article will focus on hardship withdrawal rules from 401 (k) plans.
As Roth IRA conversions become more popular, questions and misconceptions abound. Find out which Roth IRA conversion facts, issues, and mistakes to avoid.
It’s hard to keep up with the news out of Washington these days! I have been getting a ton of questions on how the new tax proposals recently passed by the House Ways and Means Committee would impact Roth conversions. Here is the rundown.
It’s that time of the year! College bills for the Fall semester are arriving, and you may be thinking of tapping into your retirement savings to help with the costs. Here’s what you need to know about the higher education expense exception.