Tag: Traditional IRA

Why Was I Taxed On An Early IRA Distribution?

by Lynnette Khalfani-Cox, The Money Coach

Q: My husband and I each took $10,000 early IRA distributions to help pay for a construction loan on a new house. The amount is exempt from the 10% penalty but I do not understand, when it comes to taxes, ...

Should I Roll Over My IRA Account into a ROTH IRA?

by Lynnette Khalfani-Cox, The Money Coach

Q: Should I roll over $30,000 in my traditional IRA account into a ROTH IRA? I am 50 years old. A: Although the earnings in both types of retirement accounts grow tax-deferred, for longer-term financial planning, I like the benefits of the ...

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

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Tag: Traditional IRA

Why Was I Taxed On An Early IRA Distribution?

Should I Roll Over My IRA Account into a ROTH IRA?

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