Category : Personal Finance : Business & Finance

When Can I Use My IRA?

Personal Finance
Because the money in your IRA is yours, you can use it anytime. However, the government established IRA accounts to encourage you to save for retirement, and the IRS levies a penalty if you withdraw your money early. You can use your IRA money for some exceptional purposes, but you must follow stric

A Transfer to a SEP IRA

Personal Finance
A SEP IRA is a retirement plan set up by an employer for its employees. Because SEP IRAs belong to the employees, they can transfer other retirement funds into their plans. Depending on the type of retirement plan the money is coming from, there may be tax consequences for the transfer.