I’m retired and lost all of my IRA contributions to a crypto scam. 6 people are wanted in connection with the scam — yet I still owe a tax bill. Help.

Question: “I’m retired and lost all of my IRA contributions in a cryptocurrency scam that happened abroad last May. A wire ...
24/7 Wall St.

He Turned 50, Walked Off the Job, and Tapped His $900,000 401(k) With Zero Penalty. The Age Rule Written for One Kind of Worker

Congress quietly carved a retirement loophole for a specific list of job titles that lets certain workers raid their 401(k) a ...
JD Supra

IRS Fixes the ‘1035 Exchange Trap’: What Life Settlement Funds and PPLI Users Need to Know Now

The US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have just finalized regulations fixing a problem that has ...
24/7 Wall St

There’s a legal way to tap your IRA before 59½ with zero penalty, if you follow the rule exactly

The 72(t) SEPP rule lets you tap a traditional IRA at any age with zero early withdrawal penalty by taking fixed annual payments. SEPP applies to traditional IRAs, Roth IRAs, SEP-IRAs, and rolled-over ...
Investopedia

Form 5329: Additional Taxes on Qualified Plans and Other Tax-Favored Accounts

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...