distributions

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Matt’s Monthly Money Must Do’s | November 2017

By |2017-10-19T15:46:54+00:00October 19th, 2017|Categories: Personal Planning|Tags: , , , , , |

November is a big birthday month in my family.  My two sisters and father have birthdays in November.  So not only do I have to worry about their birthday gifts, but I also must start addressing Christmas shopping!  November is always an absentmindedly expensive month for me, and then you add some additional expenses like gifts. [...]

IRS Announces New Waiver Procedure for Taxpayers Who Inadvertently Miss the 60-Day Rollover Deadline

By |2017-05-09T22:13:59+00:00September 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Background--direct and indirect (60-day) rollovers If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan (like a 401(k)) you can avoid current taxation by directly rolling the distribution over to another employer plan or IRA (with a direct rollover you never actually receive the funds). You can also avoid current taxation by actually [...]