by Paula Kennedy, EA | Aug 3, 2022 | Tax
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age,...
by Brian Hare, CPA, CGMA | Jun 9, 2021 | Tax
If you are retiring soon, you maybe beginning experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you are retiring: Taking required minimum...
by Paula Kennedy, EA | Apr 24, 2020 | COVID-19
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27, including adjusted retirement plan &...
by Brian Hare, CPA, CGMA | Mar 27, 2019 | Tax
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception that applies to certain plan...
