Frequently Asked Questions for Seniors |
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The list below addresses questions some seniors may have. This list will be updated in the future.
| If Your Question is... |
Please see... |
I entered into a reverse mortgage arrangement with my bank.
Are the proceeds of this loan taxable to me? |
IRS Publication 936, Home Mortgage Interest Deduction |
I exercised my right to receive life insurance distributions before death.
Are these proceeds taxable? |
IRS Publication 554, Tax Guide for Seniors |
I am over age 70 1/2.
How do I determine the amount I must withdraw each year from my IRA and 401(k) accounts to avoid a penalty? |
Retirement Plan FAQs |
| Where can I find about about taking money out of my retirement plan early? |
Top 10 Facts about Taking Early Distributions from Retirement Plans |
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Page Last Reviewed or Updated: December 06, 2010
