Explain the tax implications of drawing your money out of a Traditional IRA before the age of 59.5

How can I use a realized investment loss to my advantage? Can I claim investment losses in retirement accounts? How much can I deduct in a year? What is the rule of 72? Do you feel this rule is reliable?

Question 1: How do REITs compare to mutual funds?

Question 2: List 3 advantages and disadvantages of owning rental property.

Question 3: Define ROI.

Question 4: What is the maximum IRA contribution for someone over age the age of 50 and under the age of 50.

Question 5: Can you invest in a retirement plan through your employer and still invest in an IRA (Yes or No)?

Question 6: Explain the tax implications of drawing your money out of a Traditional IRA before the age of 59.5 (assuming this is not a distribution that is considered an early withdrawal exception)?

Taxation Law

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Explain the tax implications of drawing your money out of a Traditional IRA before the age of 59.5

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