Retirees who collect reduced Social Security benefits early often need to take some IRA money to meet spending goals. These retirees could be hit by what's known as the "tax torpedo." This occurs ...
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Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news.
In 1994, there was a notorious escape from Whitemoor Prison in Cambridgeshire where several prisoners, including IRA members and other criminals, broke out. Among those involved were Liam McCotter, a ...
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Many adults will, at one point, inherit an IRA. Most, however, lack a basic understanding of the rules and potential tax ramifications associated with assuming control of such an account.