Posts tagged "Take"

Is there any way to take the money out of a SEP-IRA?

Since my boss puts the money in on my behalf..is there anyway for me to take it out?


I have both a traditional & Roth IRA. Can I take the $10,000 first time homebuyer distribution from each?

I know that the lifetime limit for withdrawing money w/o a penalty from a traditional IRA is $10,000 for a qualified distribution such as a first-time home purchase. Same for a Roth. If I take $10,000 from my traditional IRA, can I still take $10,000 from the Roth as well, without incurring penalties?


What to do if you forget to take the minimum required distribution from an inherited IRA for 2009?

I heard that this was not required last year but others have said it is required for an inherited IRA. Should I do it now for 2010 and say it’s for 2009? Help!


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