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|