Posts Tagged ‘Avoiding’

Avoiding early IRA withdrawal penalties

Thursday, April 16th, 2009

Dear Tax Talk,
Nine months before my husband’s IRA is available, we are starving. His part-time job and my business aren’t making it. The total we bring home is less than $1,800, and our rent is $1,300.
We have a car plus a personal loan payment of $331 per month, then the rest of the bills. I want my husband to live to see his IRA and I want us to live through this. My thoughts are to withdraw $30,000 (more…)