Comments on: Traditional vs. Roth IRA – Benefits and Drawbacks http://www.rothirahelp.com/roth-ira/traditional-vs-roth-ira-%e2%80%93-benefits-and-drawbacks/ Expert Advice Tue, 16 Mar 2010 09:39:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: David http://www.rothirahelp.com/roth-ira/traditional-vs-roth-ira-%e2%80%93-benefits-and-drawbacks/comment-page-1/#comment-71 David Thu, 11 Feb 2010 02:23:33 +0000 http://www.rothirahelp.com/?p=77#comment-71 Eric, if you paid expenses for higher education during that year, part (or all) of the distribution may not be subject to the 10% additional tax. But if the distribution you took is considered a “non-qualified” one, it may be subject to the 10% additional tax. Qualified education expenses include: books, tuition fees and supplies. Eric, if you paid expenses for higher education during that year, part (or all) of the distribution may not be subject to the 10% additional tax.

But if the distribution you took is considered a “non-qualified” one, it may be subject to the 10% additional tax.

Qualified education expenses include: books, tuition fees and supplies.

]]> By: Eric Zinck http://www.rothirahelp.com/roth-ira/traditional-vs-roth-ira-%e2%80%93-benefits-and-drawbacks/comment-page-1/#comment-54 Eric Zinck Sat, 30 Jan 2010 22:10:52 +0000 http://www.rothirahelp.com/?p=77#comment-54 At age 36, I went back to school, 2nd degree. I withdrew 4,500 out of my roth IRA afte it was in since 2002- (seven years) my tax person tells me it is coming up as taxable? I am waiting for a 1099-R form in the mail from the company (edward jones) to show my original contribtion of 5,000 back in 2002. Is this taxable? I have already paid the tax on a roth IRA conrtibution. My finacial advisor says it's not taxable while my tax acounted is not sure, and her computer is saying it is (for now?) at least until the 1099-r arrives Feb 15th? What do say? Thank you, Eric At age 36, I went back to school, 2nd degree. I withdrew 4,500 out of my roth IRA afte it was in since 2002- (seven years) my tax person tells me it is coming up as taxable? I am waiting for a 1099-R form in the mail from the company (edward jones) to show my original contribtion of 5,000 back in 2002.

Is this taxable? I have already paid the tax on a roth IRA conrtibution. My finacial advisor says it’s not taxable while my tax acounted is not sure, and her computer is saying it is (for now?) at least until the 1099-r arrives Feb 15th?

What do say?

Thank you, Eric

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