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Can a disabilty person withdraw their 401-k plan without penalties?
One of the exclusions to the 10% penalty is disability. You have to considered completely disable without the ability to ever return to employment. However, you will have to pay taxes on the monies.
In regards to a traditional Ira When does a person pay takes on the money in the account?
In a traditional IRA, a person pays taxes on the money in the account when they withdraw funds during retirement. Contributions to the IRA are typically made with pre-tax dollars, meaning taxes are deferred until withdrawal. When money is taken out, it is taxed as ordinary income. Additionally, if withdrawals are made before age 59½, there may also be an early withdrawal penalty.
How can someone withdraw money from another person's account?
To withdraw money from another person's account, a person would typically need to have authorization or access to the account through methods like identity theft, hacking, or fraud. It is illegal and unethical to withdraw money from someone else's account without their permission.
In regards to a traditional IRA when does a person pay taxes on the money in the account?
In a traditional IRA, a person pays taxes on the money when they withdraw it, typically during retirement. Contributions to the account are often made with pre-tax dollars, which means taxes are deferred until distributions are taken. Withdrawals are taxed as ordinary income at the individual's current tax rate. Additionally, if withdrawals are made before age 59½, there may be an additional penalty tax.
What is the penalty for lending your car to a person without driver's licenses in California?
30 day suspension
How can someone withdraw money from another person's bank account without their knowledge?
It is illegal and unethical to withdraw money from another person's bank account without their knowledge or consent. This is considered fraud and can result in serious legal consequences. It is important to always respect others' privacy and financial security.
Can a law firm withdraw money from a person's account without their permission?
No. Nobody can do that unless they have a cheque signed by the account holder.
What is the penalty for not having a visa?
Being sent to jail is the most serious penalty for not having a Visa. However, before jail time, typically, a person without a Visa is just fined.
What is the penalty for this in California for driving without insurance?
I am not sure about California itself but of the states I do no about the penalty is always more than six months of insurance would have cost the person had they purchased the liability insurance.
How much money can a person typically withdraw from an account?
You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.
What is max penalty for sending alcohol through the mail?
The maximum penalty for sending alcohol through the mail is the death penalty or imprisonment for life. The person convicted of mailing alcohol which results in the death of another person, will be subject to the maximum penalty.
What is the penalty for being videotaped without their consent in the state of Texas?
Being taped w/o consent doesn't carry a penalty, that person is a victim - not a criminal. Setting up the taping, that's the crime - but I don't know what the punishment is.
