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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone know anything about annuities?
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<blockquote data-quote="Ohio Snake" data-source="post: 16474206" data-attributes="member: 157862"><p>Are you the Roth IRA account owner? If yes, you may take distributions of all contributions ( basis) without tax or penalty and provided it is not a conversion account under 5 years old. </p><p></p><p>All gain portion should remain in the account to avoid tax and/or penalty until age 59.5 years of age.</p><p></p><p>The CARES ACT may give some tax relief to those needing to take IRA distributions ( amongst other relief options) until 12/31/2020. This is another topic!</p><p></p><p>If you are not the owner, pm me so I can understand the issue. </p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 16474206, member: 157862"] Are you the Roth IRA account owner? If yes, you may take distributions of all contributions ( basis) without tax or penalty and provided it is not a conversion account under 5 years old. All gain portion should remain in the account to avoid tax and/or penalty until age 59.5 years of age. The CARES ACT may give some tax relief to those needing to take IRA distributions ( amongst other relief options) until 12/31/2020. This is another topic! If you are not the owner, pm me so I can understand the issue. Sent from my iPad using Tapatalk [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone know anything about annuities?
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