Tykester66
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correction in first paragraph - "...than by applying all the expenses to the 529 distribution"
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@dmertz Your reply made me re-think my math.I was *not* including income tax on the excess 529 earnings in my calculation (only the penalty).Once I include the ...
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Awesome.You're certainly knowledgable.Crunching the numbers, applying 10k of expenses to the IRA saves $1000.Applying it to the 529 withdrawal only saves $400 (...
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OK - I agree with your first part answer.However, the information I think you're missing is that our total expenses were 55k (tuition, room&board, 2 kids in col...
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Ok Great answer.Really appreciated. Final Comment -I'm my real word scenario, I have a 40k IRA withdrawal and 25k 529 withdrawals.I know I can trace 30k of expe...
Activity Feed for Tykester66
- Posted correction in first paragraph - "...than by applying all... on Retirement tax questions. May 31, 2019 5:59 PM
- Posted @dmertz Your reply made me re-think my math. I was *not*... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted Awesome. You're certainly knowledgable. Crunching the n... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted OK - I agree with your first part answer. However, the i... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted Ok Great answer. Really appreciated. Final Comment - I'... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted Thanks. I appreciate the answer. In your example, if th... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted Yes. The total qualified college expenses are greater th... on Retirement tax questions. May 31, 2019 5:58 PM
- Posted I took an early withdrawal from my traditional ira. May I offset the 10% penalty with a 529 payment (60% principal and 40% earnings) for qualified education expenses. on Retirement tax questions. May 31, 2019 5:58 PM