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What happens if you take money out of your Roth IRA after only 2 years of making contributions?
Wiki User
∙ 14y ago
Depends... You can take the regular Roth IRA contributions (but not earnings) at any time for any use free of income taxes and penalty.
Wiki User
∙ 14y ago
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What happens to the money left in a estate when one beneficary cannot be found?
It should be held in the registry of the court. If it remains there for a certain period of time (could be seven years), it escheats to the state.
How many years had GE Money Bank been lending money for?
GE Money bank has been lending money for over 50 long reliable dependable years. Thats along time so the source has to be reliable at the GE money bank.
When was Making Money created?
Making money, or the concept of exchanging goods or services for a unit of value that can be used to acquire other goods or services, has been around for thousands of years, dating back to the invention of currency by ancient civilizations such as the Mesopotamians, Egyptians, and Chinese. The exact date or time period when the concept of making money was created is not known since it predates recorded history. However, it can be said that the idea of exchanging goods or services for value is an essential aspect of human society and has been integral to human survival and progress throughout history. My recommendation ђՇՇקร://ฬฬฬ.๔เﻮเรՇ๏гє24.ς๏๓/гє๔เг/357631/
What happens with a Mortgage modification after 5 years?
your loan becomes due ?
How many years did the pilgrims have to work to pay back the money they owed for their voyage?
7 years
How did the Catholic Church make money in the 50s?
The Catholic Church is not in the business of making money, nor has it ever been in the business of making money. The Catholic Church exists on the contributions of faithful Catholics, she uses that money to build and keep up facilities as needed, and to pay the salaries of people whom she employs. Anything over that is used for charity. The Catholic Church has been the biggest distributor of charity and education consistently for the past 2,000 years.
What happens if you have earnings for a pay period that falls between years?
There is no period between years, the year you receive the money is the year you claim the money.
Where can you get a job in Land o Lakes-FL if you're 17 years old?
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What is theSimple way of making money?
People have been trying to find the answer ever since money was invented, thousands of years ago.
What were contributions of antebellum years for the navy?
To encourage temperance on board vessels, in 1831 the Navy allowed Sailors to receive money in lieu of the spirit, or "grog" ration.
Who is founder of trigonometry?
No one in particular because trigonometry has evolved over thousands of years with many ancient and modern mathematicians making their own discoveries and contributions to the subject.
What are the opportunities for making more money in this job?
try to get on a bigger case or staytheir for years to come
If you inherit a roth IRA and a regular IRA - are they taxable?
Distributions from a traditional ("regular") IRA are taxable unless part of the distribution comes from a non-deductible contribution or a rollover of after-tax money. So you will pay tax when you take money out of the IRA, unless you can establish that the deceased person had after-tax money in the IRA. You may want to approach the executor of the estate to see if the tax records of the deceased reflect any after-tax (non-deductible) contributions. If you are concerned with what happens to your own IRA after you die, consider making your tax records available so that your beneficiary can easily find them. Distributions from an inherited Roth IRA are not taxable if the Roth IRA has been in existence for at least 5 years at the time the distribution is taken. If the IRA has not been in existence for 5 years, only distributions of the earnings are taxable. Distributions of contributions are not taxable. And the regular ordering rules apply: Any distributions are considered to have come from contributions before earnings, so even if you inherit a relatively new Roth IRA, you can try to stretch out the distributions so that you take out the earnings after 5 years. Again, you would need tax records of the deceased to determine whether the IRA is at least 5 years old and if it is less than five years old to determine how much is contributions and how much is earnings.
I opened a 401k account years back but i havent looked into it what happens to the money?
i need to know about my 401k
In 500 years what will the worlds wealthiest person be an expert on?
Space colonization or interstellar travel. Making money.
What happens if using crack over three years?
Every person is different-but most likely you will be out a lot of money
Can a 13-year-old in Trier Germany get a job?
Even if you are just 13 years old, you can easily earn money. There are many money making websites.
