Greetings, AnAprilFool, and welcome.<<I was very happy to find your comments on early IRAwithdrawls that can still avoid the excise tax. Do thesame exceptions apply to corporation funded "money purchase pension plans" and defined contribution profit sharing plans? I do not know the exact term for these plans(403, 457 etc) but I can find them if necessary.>>Yes, the rules also apply to qualified retirement plans. However, be aware that in such plans you can retire and leave your job at age 55, receive payments from those plans, and not have to pay the 10% early withdrawal penalty. Transfer the money to an IRA to continue the tax deferral, though, and you're back to age 59 ½. The secret sometimes is to take enough cash from the retirement plans to last to age 59 ½ and put the rest in the IRA. At other times it makes more sense to just pay the penalty. Each case must be evaluated on its own merits.Regards…..Pixy
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra