Archive for February, 2011
Ira Rollover Penalties
February 24th, 2011
Question: moving 401k to an rollover ira and then borrowing money from the ira (any way to avoid some of the penalties?
Answer: You can not borrow money from an IRA. If you have any other source of money, it is probably a better idea than paying the tax and penalty of a hardship withdraw.
Retirement Savings – IRA Withdrawals, Rules and Penalties
Posted in IRA Rollover Rules | 
Tags: 401k, 403b, ira, ira rollover, ira rollover penalties, rollover, _rollover_ira_setup | 
No Comments »