Category Archives: By Rebecca Dawson

How to Avoid the 10% IRS Early Withdrawal Penalty

Have you ever wondered how you could get money out of your traditional IRA pre-59.5 years of age without paying the 10% early withdrawal penalty? There is a little known section of the IRS tax code: Section 72t that allows you to take substantially equal periodic payments (SEPP) on an annual basis before the age… Read More »

Income Taxes and Your Retirement Accounts

Depending on your view of where you believe taxes are headed, it might be a concern when making your retirement investment decisions. We have all been advised to put money away for retirement in tax deferred accounts like 401(k)s and IRAs. As your 401(k) and IRAs grow, so does the government’s share since they are… Read More »

Consider These Fees When Evaluating Mutual Funds

There is a common belief that investing in mutual funds is a conservative way to accumulate wealth in the stock market. We have all seen the cover of financial magazines that read: “Our 100 Best Mutual Funds for 2017.” Yes, magazine companies are in the business of selling their magazines. If you are looking at… Read More »

Tax Savings with a Roth IRA and Real Estate

In 2010 due to The Tax Increase Prevention and Reconciliation Act of 2005, all holders of IRAs (SEP, SIMPLE and traditional) may convert to a Roth IRA, regardless of their income. Previously, in order to be able to convert from an IRA to a Roth IRA your income needed to be under $100,000. The IRS… Read More »