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Financial Planning / Tax Strategies


Subject:  Re: Withdrawing from Roth Date:  4/7/2012  5:51 PM
Author:  reallyalldone Number:  115914 of 127638

Events of some years ignore plans.

Explain, please. Income tax is based on income received during a predetermined period.

I had little idea of what my tax situation would be for 2011 despite the help of a CPA in August. My husband was ill but on full pay although he would have moved to long term disability in mid-June. He died at the end of May. There was vacation paid out in August(that ended up paid to the estate) and pension payments started in Sept with some retroactive payment. My personal income is sporadic depending upon my assignments.

I did my best and ended up with a small penalty that will be waived and a larger refund than I would have liked. Shrug. Not sure why this scenario is all that hard to imagine.
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