BiS: BusinessInSavannah.com - Business news for the creative coast.

Blogs

Leo McKittrick's picture
Submitted by Leo McKittrick on Fri, 10/26/2012 - 11:16am

Exceptions to the Early Withdrawal Penalty on an IRA or 401(k)

McKittrick & Associates do not provide legal or tax advice. We want you to have the necessary information to make an informed decision. We strongly suggest that you seek professional advice.

Leo McKittrick's picture
Submitted by Leo McKittrick on Thu, 10/18/2012 - 11:49am

Traditional IRA vs Roth IRA

Traditional IRA Profile
1· Tax deductible contributions (depending on income level - See IRS Publication 590 for more information)
2. 2011 contribution limit is $5,000 for individuals under age 50 and $6,000 for those 50 years old or older as of the end of the year (December 31st).
3· Withdraws can begin at age 59 1/2 and are mandatory at 70 1/2.
4· Taxes are paid on the earnings and the contributions you made to the IRA when withdrawn from the IRA
Gale Baldwin's picture
Submitted by Gale Baldwin on Wed, 10/17/2012 - 1:56pm
Shawndra Russell's picture
Submitted by Shawndra Russell on Sun, 10/14/2012 - 11:27am
Leo McKittrick's picture
Submitted by Leo McKittrick on Wed, 10/10/2012 - 2:47pm
Shawndra Russell's picture
Submitted by Shawndra Russell on Tue, 10/09/2012 - 3:58pm
Chris A White's picture
Submitted by Chris A White on Fri, 10/05/2012 - 12:00pm
Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Fri, 10/05/2012 - 8:23am
Gale Baldwin's picture
Submitted by Gale Baldwin on Thu, 10/04/2012 - 2:16pm
Gale Baldwin's picture
Submitted by Gale Baldwin on Wed, 10/03/2012 - 11:41am
Leo McKittrick's picture
Submitted by Leo McKittrick on Wed, 10/03/2012 - 10:20am
Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Mon, 10/01/2012 - 9:48am

State colleges feeing us to death

A person well aware of my reservations about rising college costs and my skepticism over Georgia Southern’s pending move to college football’s top level approached me over the weekend with this question.

Mary Carr Mayle's picture
Submitted by Mary Carr Mayle on Thu, 09/27/2012 - 7:40am
Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Thu, 09/20/2012 - 8:50am
Chris A White's picture
Submitted by Chris A White on Tue, 09/18/2012 - 10:36am
Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Mon, 09/17/2012 - 1:23pm

Corporate cash hoarders

Those financial gurus who delight in reading SEC filings the way the rest of us enjoy Clive Cussler have been telling us for several quarters now how our nation’s biggest companies are stockpiling cash.

Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Fri, 09/14/2012 - 9:22am
Adam Van Brimmer's picture
Submitted by Adam Van Brimmer on Fri, 09/14/2012 - 9:19am