Using Your IRA to Pay Off Urgent Expenses
By: Clay Wyatt Maybe you?ve lost your job and are getting behind on your bills. Maybe you had an unexpected medical procedure that your insurance offered little to no coverage for. Whatever the case may be, that wad of cash that you have invested into your IRA may seem like a tempting way to bail yourself out. Are you considering [...]
Categories: IRA TAX Tags: ira loan, use ira to pay bills, use ira to pay urgent expenses
IRA Tax Ramifications--Should You Use Your IRA for Trading?
By: Clay Wyatt An IRA can be a great tool for building retirement savings. It?s tax-deferred status allows for money to be added to the account that would have otherwise gone to Uncle Sam. However, with a plethora of IRA tax rules, you may be wondering if you should use your IRA for short-term trading. Let?s take a look at [...]
Categories: IRA TAX Tags: short-term trading, short-term trading in IRA
How to Pay Less IRA Tax?
You hold two containers full of money: The amount that has been taxed already, let's name the taxed cash as "ordinary cash," and the non-taxed cash, i.e. IRA, 401k, 403b, as "retirement cash." It will cost you $1 at the time you expend $1 from the ordinary cash. But, when you spend the retirement cash, the real cost of $1 [...]
