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Can I take money out of my 401(k) without paying penalty?

Question The company I work for just terminated their 401(k) plan and suggested employees roll their funds over to an IRA. My question is can I cash out say 20% (to pay off debt) of my balance without paying the penalty and roll the remainder over to the IRA account? I have over a couple … Read moreCan I take money out of my 401(k) without paying penalty?

Can you draw unemployment and social security at the same time?

Question Can you draw unemployment and social security at the same time? Thank you, Larry Higdon Answer According to SSA.gov: Unemployment insurance benefits are not counted under the Social Security annual earnings test and therefore do not affect your receipt of Social Security benefits. However, the unemployment benefit amount of an individual may be reduced … Read moreCan you draw unemployment and social security at the same time?

Do I report income from my websites as one or separately?

Question I really could use some simple guidance on how to approach my tax requirements in Texas! I currently own my primary store: at http://www.yarnhookers.com and 8 more at Etsy, Bonanza, Atomic Mall, CraftIsArt, Ecrater, Bluejay & Ravelry. I plan to open a store in any online selling community possible. My niche is making & … Read moreDo I report income from my websites as one or separately?

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