Tuesday, February 07, 2006
Tax rules can crack nest eggs
There's one simple rule to remember regarding your retirement nest egg: Mishandling that money will crack your egg into a taxable mess.
That's the simple rule. After that, things get more complicated.
"All of the different types of retirement plans and all of the different things that can happen is one of the most complex and confusing areas of tax law," said Cynthia Jeanguenat, an enrolled agent and tax preparer in Virginia Beach, Va. "It's mind boggling."
Tax rules can crack nest eggs
Source: CBS MarketWatch (free subscription required)
That's the simple rule. After that, things get more complicated.
"All of the different types of retirement plans and all of the different things that can happen is one of the most complex and confusing areas of tax law," said Cynthia Jeanguenat, an enrolled agent and tax preparer in Virginia Beach, Va. "It's mind boggling."
Tax rules can crack nest eggs
Source: CBS MarketWatch (free subscription required)
Permalink posted by armandn @ 11:45 AM 
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