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Need Help with 401(k) Distribution Crisis | Need Help with 401(k) Distribution Crisis |
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I was laid off from my job a year ago right after I turned 55. After a full year of unemployment and living off my unemployment benefits and savings, I am pretty much out of money and need to turn to my 401(k) for a distribution. Having been laid off at 55, I was told that I could dip into my 401(k) before age 59-1/2 without any penalty. Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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