Do both people on an insurance claim check need to sign it in order to cash it?
Do you have to file a 1099 if you gift someone over 10,000.00 cash?
How can I earn extra cash?
How do I deposit 1 large IRA cashiers check into 2 IRAs?
What businesses use cash based accounting?
What considerations should I make when cashing out my roth IRA?
What tax rate do you pay on cash dividends?
economy finance investing retirement
Question by GreenMonster (27)
Answer by AEF (519)
It's usually not a good idea to cash out of IRAs early. The tax implications are severe. You should only cash out if your need is immediate and dire.
Answer by scotgal (20)
There is no way, that anyone should cash out an IRA until retirement. You have to save for the future, it is just common sense.
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