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Message
re: IRA early withdraw to fund another. (Update)
Posted on 10/9/12 at 9:55 am to tigerrocket
Posted on 10/9/12 at 9:55 am to tigerrocket
[quote]Posted by tigerrocket
In Louisiana retirement accounts are considered community property if contributions came from income earned while married.
[/quot
I agree. Community property (especially $)
unfortunately, is primarily responsible for
greed, arguments, additional attorney fees,
and at times creates an unnecessary tax bill
when dealing with retirement accounts and
unforeseen events such as a death (not unforeseen....untimely would be a better description) or divorce. In Louisiana, especially, it is hard for any advisor to give a "yes" or "no" answer because of what the advisor has experienced with other clients. Bottom line, an advisor can give a clients his 2 cents (some advisors explain the "why" of their advice better than others) but ultimately it's the clients' decision as what route to take.
An advisor that wouldn't discuss the possibilities of what can happen in certain situations wouldn't be worth a dime!
In Louisiana retirement accounts are considered community property if contributions came from income earned while married.
[/quot
I agree. Community property (especially $)
unfortunately, is primarily responsible for
greed, arguments, additional attorney fees,
and at times creates an unnecessary tax bill
when dealing with retirement accounts and
unforeseen events such as a death (not unforeseen....untimely would be a better description) or divorce. In Louisiana, especially, it is hard for any advisor to give a "yes" or "no" answer because of what the advisor has experienced with other clients. Bottom line, an advisor can give a clients his 2 cents (some advisors explain the "why" of their advice better than others) but ultimately it's the clients' decision as what route to take.
An advisor that wouldn't discuss the possibilities of what can happen in certain situations wouldn't be worth a dime!
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