/biz/ - Business & Finance

Anonymous Tue Jul 14 20:41:19 2020 No.20366129 [View]
File: 153 KB, 720x1280, Screenshot_2020-07-12-21-30-02.png [View same] [iqdb] [saucenao] [google]

I have a boomer IRA account from my very first job that I haven't touched in years. Thinking of taking advantage of the cares act to liquidate it without penalty for 3 years as my personal rate of return had been a lot higher than what I've been getting from the group running the IRA. Is there something that could bite me in the ass if I do this?
I know that I'm have to report it as income, but I believe I can spread that over 3 years due to CARES and I don't have any taxable income right now anyway.

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/biz/ - Business & Finance

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