|
|
 |
 First
Previous
2-10 of 10
Next
Last
|
Reply
| |
This was a bill before Congress. I don't know if it has passed through as of yet, but would have to before December 31st, 2008 to be effective on your taxes you file in 2009. It would be nice for several folks who have taken money out to meet the demands of day to day living or for the awsh*ts that have occurred along the way. |
|
Reply
| |
I thought this was an old rule, called rule 72 or something like that. You were part of the discussion if i remember right. |
|
Reply
|  0 recommendations | Message 4 of 10 in Discussion |
|
| This message has been deleted by the author. |
|
Reply
| | 0 recommendations | Message 5 of 10 in Discussion |
|
| This message has been deleted by the author. |
|
Reply
| |
Thanks, thats the one I will pass on the info, and thanks for the link. |
|
Reply
| |
Yes, it's 72t rule. It is a program that allows you to take incremental amounts over a period of time without penalty based on your age and how many years you have to age 59 1/2.
I would check with a financial adviser or even a CPA about this
Here's a link I did with a quick google - do further research as I don't know the veracity of this particular site.
http://www.moneymanagment.info/72T.htm |
|
Reply
| |
| hey, gunny - I deleted and made a slight correction to "years to retirement" ----note that it now reads "years to 59 1/2" |
|
Reply
| |
Yes, I was. But there is a stand alone bill that is before Congress to allow folks to take a disbursement while still working and not pay the additional 10% penalty on the withdrawal. There is a considerable amount of scrambling happening on Capitol Hill, trying to find ways to get folks access to their own money and diminishing the penalties for early withdrawal. Watch the news, contact your Senators or Representative's offices, go to www.askthomas.gov to find bill status. |
|
|
First
Previous
2-10 of 10
Next
Last
|
|
|
Free Forum Hosting
Important Announcement
Return to General