Today's Market

updated 1 day ago Sponsored by:
DOW 18,080.14 21.45 0.12%
S&P 500 2,117.69 4.76 0.23%
NASD 5,092.09 36.02 0.71%

Community: Investing Wiki

Term Of The Hour

IRA disbursement penalty: Original post by Victoria Robles of Demand Media Now that you’ve taken some money out of your IRA, you must be wondering how much you’ll owe in taxes on it. The answer to this question depends on several different factors. Typically, any money taken out of an IRA is taxed based on the account holder’s age and his reason for withdrawing the money. Since your IRA trustee must…

Want to learn more or edit this definition?
Click here to read more!