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Community: Investing Wiki

Term Of The Hour

IRA rollover penalties: Original post by Ciaran John of Demand Media The Internal Revenue Service (IRS) does not require you to pay taxes on the funds held inside your individual retirement arrangement (IRA) until you make a withdrawal. Your IRA funds remain tax-sheltered when you roll the money to a new IRA. However, if you actually withdraw some of the money either during or after the rollover, you have to pay income…

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