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re: IRA early withdraw to fund another. (Update)
Posted on 10/1/12 at 9:37 am to SippyCup
Posted on 10/1/12 at 9:37 am to SippyCup
So, increase wife's contribution and use the IRA distribution to cover the decrease in take home?
Maybe I'm missing something, but I honestly don't think this is a bad idea, as long as they take out enough cash to pay the taxes as well.
The only thing I can see going wrong is if the wife terms employment within a month or two if doing this.
Maybe I'm missing something, but I honestly don't think this is a bad idea, as long as they take out enough cash to pay the taxes as well.
The only thing I can see going wrong is if the wife terms employment within a month or two if doing this.
1
Posted on 10/1/12 at 9:43 am to ZereauxSum
quote:
So, increase wife's contribution and use the IRA distribution to cover the decrease in take home?
Thats what Im thinking. I may get his advisor to call me to see if there are any facts missing. I just dont see why he would advise against doing this.
This post was edited on 10/1/12 at 9:44 am
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