When you’re running a business or self-employed knowing how to use your retirement planning and the IRA withdrawal rules – as well as avoid IRA penalty early withdrawal – can help you meet short and long term financial goals.
In this video, I cover how to take money out of retirement accounts early, tax free withdrawal, which accounts you can take a loan vs. withdrawal. Including – 401k withdrawal, solo 401k loans, Roth IRA
withdrawal rules and 60 day rollover rule for IRA, SEP IRA, and SIMPLE IRA.
Whether you need extra cash for your business or looking to make an investment and need a short-term loan, you’ll want to know your option before using your retirement funds.
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#Retirement #SelfEmployed #StephanieKremic…(read more)
LEARN MORE ABOUT: IRA Accounts
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Nobody talks about withdrawal 401k when no money is going from your employer, aka no job, no salary, no contribution.
I just cashed in my mom’s IRA to protect from her going into a nursing home. I’m at a 35% tax bracket HELP! I can put all this money in my name?
Ways to live in more congruency speaks volumes. So appreciate the reminder to visit each loan option with the guardian behind them and take time to investigate which avenue is best for the borrower & their family. Wouldn’t want to dive into a 60-day repayment loan not fully realizing what I committed to. ~ can see the benefit of working with an advisor or wealth strategist to choose the best match
Awesome video!