I sold some IRA stock when it was declining and purchased an annuity with an insurance company. Do I pay taxes on that now or only when I take it out?
Posts Tagged ‘IRA’s’
Has Obama waived the early disburstment penalty on IRA’s and 401K’s?
03
Apr
I am trying to find out if what Obama propose in October of 2008 which was to waive the penalty of 10% from using an early disbursement from your 401K if you were laid off or lost your job.
IRA’s, Variable annuities and everything else: What do I do?
26
Mar
I’m in the middle of a 401K transfer, via QDRO, after a divorce. This is a large sum of money and I am so clueless about it. I got connected with a FA who is turning out to be a slimeball and set up a variable annuity for me.
I have an appointment to talk to another FA, that is a family friend. Over dinner I asked him about variable annuities and told him some of the things the other FA said. He laughed.
This is pre-tax money and I need to invest it as such. 401K is not an option. I try to educate myself, but everything is so confusing to me. The variable annuity seems risky with high fees. But with the market the way it is…I just don’t know.
Any advice appreciated.
I’m not committed to the variable annuity. Why are they so “not good.”