Google must be listening. I just got an email from TD Ameritrade... -- Spud 12/30/2021 10:02AMInsert a Link
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Google must be listening. I just got an email from TD Ameritrade... -- Spud 12/30/2021 10:02AM I've been receiving inherited IRA payouts for many years. -- Full-Set and Moonshine 12/29/2021 6:56PM Yes, tax laws changed. It is 10 years to take out if not a married spouse -- VaTechie 12/29/2021 10:09PM To take all of it ? ** -- Full-Set and Moonshine 12/29/2021 10:50PM Yes, 10 years to take all of it out -- VaTechie 12/29/2021 10:55PM Good to know ** -- Full-Set and Moonshine 12/29/2021 11:06PM Do you trust your wife? ** -- HokieDan95 12/29/2021 5:29PM Can you wirhdraw the IRA over 10 years and pay off the mortgage -- Baltimore Hokie 12/29/2021 1:47PM Certainly...and I only have about 5 years left on the mortgage anyway -- JoesterVT 12/29/2021 1:53PM Would say do calculations -- HokieForever 12/29/2021 2:03PM Will add instead of making an extra payment each year -- HokieForever 12/29/2021 2:08PM Oh- shun ** -- bigbadbird 12/29/2021 1:27PM Inside -- FfxStationHokie 12/29/2021 1:30PM I think you can take it out over a number of years- which could defer taxes -- bigbadbird 12/29/2021 1:11PM First qs pp1 are right. The other is whatever works. Rest assured at some -- ColoVT82 12/29/2021 12:55PM My wife got an inherited IRA too (inside) -- FfxStationHokie 12/29/2021 12:47PM Your basic understanding is pretty much correct -- Hokerer 12/29/2021 12:41PM Would also add using some back of the napkin math -- HokieForever 12/29/2021 2:02PM Also how much home interest from a payoff is saved vs taxes paid ** -- coshokie 12/29/2021 1:31PM I get that, but my thought is this... -- JoesterVT 12/29/2021 1:39PM Yet you have this IRA which IS that investment -- 133743Hokie 12/29/2021 2:08PM Well, I'd never borrow money on a paid for house to invest in an IRA, so .. -- JoesterVT 12/29/2021 2:15PM With the IRA he has the resources to be debt free whenever he wants, but -- 133743Hokie 12/29/2021 4:19PM Wrong way to look at it imo -- HokieForever 12/29/2021 2:23PM Good point on amortization, yeah he is saving "pennies" at this point ** -- HokieForever 12/29/2021 2:11PM Agree, that's a great place to be in ** -- coshokie 12/29/2021 1:51PM Where can I find info on the tax brackets? ** -- JoesterVT 12/29/2021 12:46PM Lots of places, link inside -- Hokerer 12/29/2021 12:52PM Thanks! ** -- JoesterVT 12/29/2021 1:09PM Nothing. If you need help with IPA's, let me know. ** -- vt90 12/29/2021 12:31PM Yeah. Always take an IPA. ** -- HokieR 12/29/2021 1:32PMTech Sideline is Presented By:
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