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Category: Chuck Luce

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Need a Short-term Loan? How About an Interest Free Loan from Yourself?

October 28th, 2016 by

You accidentally took a $100k distribution from your Individual Retirement Account (IRA) and you are under the age of 59 ½. Oh no!  You’ve just incurred a 10% tax penalty in addition to the regular income tax on the distribution, right?  Maybe not.  If you return that $100k to the IRA within 60 calendar days […]