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.

I’m retired and lost all of my IRA contributions in a cryptocurrency scam that happened abroad last May. A wire transfer sent ...
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. on MSN

The “rule of 55”: Quit your job at the right age and raid your 401(k) penalty-free

Quick ReadLeave your job at 55 or later and the IRS waives the 10% early withdrawal penalty on that employer's 401(k).Rolling ...
Federal Register

Information Reporting and Transfer for Valuable Consideration Rules for Section 1035 Exchanges of Life Insurance and Certain Other Life Insurance Contract Transactions

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
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 ...
Investopedia

Use Your 401(k) To Purchase a House

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Chip Stapleton is a Series 7 and Series 66 ...