The Tax Consequences of Taking All the Funds out of an IRA?

Answer An individual retirement account, or IRA, is one of the best tools for saving for retirement. However, these accounts do carry penalties for early withdrawal. Income taxes and tax penalties can be ... Read More »

Top Q&A For: The Tax Consequences of Taking All the Funds ou...

What are the consequences for an 18 yar old taking a 15 year old to a party?

If the party has alcohol then the conseunces can be very bad. Depending on your track record if you've never done anything bad you may just be let off with a warning or you could go to jail however... Read More »

Why isn't Ford taking any government funds?

According to the Huffington Post, in 2008, the Ford Motor Company declared that it would not seek government bailout funds in the wake of one of the worst recessions of all time.FunctionFord claime... Read More »

When can you start taking out funds from an esop at reduced tax rates?

Distributions from an ESOP received prior to age 59 1/2 are subject to an additional 10 percent excise tax, unless the distribution was made on or after the employee's death, due to a disability or... Read More »

Are index funds better than actively managed funds?

On One Hand: Actively Managed Funds Claim to be the MarketManagers of actively managed funds claim they have the skills and experience to beat the market. Investors in actively managed funds believ... Read More »