Questions tagged [withdrawal]
a generic to be used for questions related to withdrawal of funds from an account. Generally used to other specific tags like retirement, mortgage, etc to give the specific context.
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IRA Hardship Withdrawal - Insurance Premiums
My spouse has been unemployed for more than 12 weeks. She is enrolled in my employer insurance plan, and pays me the difference in premium (Individual vs. Individual + Spouse) every other week. Can ...
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Is withdrawing cash from a broker in margin in Europe prohibited?
Since about 2 years its impossible to simply withdraw cash from interactivebrokers in Europe on margin. You can buy more stock on margin, but you can't withdraw cash.
Is this something regulatory ...
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Can I withdraw money from my Roth IRA to pay last year's tuition?
I just learned I can withdraw money from my Roth IRA to pay tuition fees for a graduate degree without the 10% penalty. Can this be done retroactively at all? Specifically, can I sell enough right now ...
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What savings fund should I withdraw from?
I have two savings funds, which are quite similar in size and in performance, but in one of them (fund A) the earnings are exempt from taxes, and in the other (fund B) the earnings are taxed. ...
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Can I take contributions out of traditional or roth 401(k) before 59 1/2 without penalty?
Can I take contributions out of a traditional or roth 401(k) before 59 1/2 without penalty?
I'm basically looking for this table and cannot find it anywhere, please let me know if any of the below is ...
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IRA withdraw penalties vs interest rates today
Here's a interesting point of view/question. With interest rates near 10% for loans these days - used car loans at 9.06% for someone with excellent credit - are we at a point where it makes more sense ...
- 111
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IRA withdrawal for new construction home and 120-day rule
As per IRS Section 72(t)(2)(F) (paragraph (8)) one can withdraw up to $10,000 for a qualified first-time home purchase penalty-free. The withdrawn funds must be used within 120 days.
If one is buying ...
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457(b) withdrawal limits?
I have a 457(b) from a state (Minnesota) employer which allows me to withdraw money from it in either regular monthly amounts or via 1-time withdrawals.
Years ago (5-7?) I was told that once I start ...
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Is withdrawing all one's deposits a good tactic on pressing on the state? [closed]
In recent news, I see calls for people to withdraw all their cash deposits, supposedly to pressure against the state on a certain decision.
(redacted the names since the question is not about the ...
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How can I withdraw money from Inherited IRA and credit it to last year?
I'm in a situation where I have a significant amount of money in an IRA that I need to withdraw over the next several years and I want to minimize the tax penalty.
I have some leftover tax credits and ...
- 161
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What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
I'm planning to move to a different region in the US on a tight schedule. I have enough equity in my current primary residence to pay for a down payment on a new home, but since I'm on a tight ...
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pending recession: keep money in 401k or savings account?
Husband and I are on Social Security.
I have a 401k of about $225K, not a lot.
With the impending recession, probably during Q2 2023, husband wants me to withdraw $$$ (e.g. $8K) from 401k and put it ...
- 109
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Is there a grace period for getting money back out of your 401k plan?
Is there a "grace period" on getting that money back out? For example, if I put $3000 in in April, and I need that $3000 in May, can get it out before the end of the year, can I just pay the ...
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RMD, how is it withdrawn?
How is RMD (Required Minimum Distribution) withdrawn, say the 4% RMD is withdrawn from each account separately (IRA, 403B, SEP IRA, Simple IRA) or is it computed on the entire retirement accounts and ...
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How to handle PA 529 if the actual rent is more than COA?
My child is going to live off-campus and pay rent more than COA rent suggested by the college.
Can I withdraw the COA rent amount from 529 and show the actual rent paid (which is way more) as proof?
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