Quote:
Originally posted by SnowLady
I agree with Christin about going back to your financial adviser.
But - anytime you take out retirement money - whether it was pre or post tax you are penalized for early withdrawl.
I'm really surprised that they didn't automatically tell you that. It's pretty standard.
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Actually I'm not penalized because I used the entire amount withdrawn for the down payment on a house (first-time homebuyer - which is one of a number of reasons for early withdrawal without penalty). I just need to find time during the day to contact the company who held my Roth to see when they will be sending an adjusted 1099 as I am not supposed to pay taxes o n that money again. . . . . .
Sarah
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