Question and background: My wife recently left our home and will not file for divorce due to religious reasons, but states she is done with our marriage. I have a decent 401k & she is constantly asking for large sums of money from it. Am I obligated to her financially?
I'm pleased to have several quotes in Graham Ober's August 19, 2014 article on Nasdaq.com. Check out the full article here:
I am 65 and want to tap my IRA and other annuities to help pay for my daughter's college education. I know there isn't a penalty for withdrawal, but will I need to pay taxes on the money applied for tuition and housing? Is there a limit on the amount that can be used each year without tax liability? I was planning on withdrawing $8,000 - $10,000 per year.
I am considering rolling over my 401(k) into a traditional IRA (new job). How does this affect my ability to do a backdoor Roth conversion? For the past few years, my wife and I have done backdoor Roth conversions, and plan to in the future. This would be my only traditional IRA if I did it.
If you withdraw money from a 401(k) plan, can you put money back into it later? Are there any restrictions on this?