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Asset Planning Corporation – Knoxville, TN
Financial planning and investment strategy
Asset Planning Corporation - Knoxville, TN
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  • Home
  • ABOUT
  • SERVICES
  • MEET YOUR TEAM
    • JOE OTTAVIANO, CFP®, CKA®
    • PAUL K. FAIN, III, CFP®
    • SUZANNE HORNICK, CFP®
    • KATHY PATTY, FPQP™
    • ADAM KORNEGAY
    • STEVE CARLSON
    • JAMES MORTON
    • RANDEE SCHOENIKE
  • FREE RESOURCES
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  • Astute Subscriber

Daily Archives: August 1, 2018

Tax Penalty

You may owe a 50% penalty tax on your IRA!

Blog, Retirement Planning, Tax PlanningBy Steve CarlsonAugust 1, 2018

Individuals who deposit pre-tax funds into an Individual Retirement Account (IRA) or employer-sponsored 401(k) retirement account are required to begin withdrawing a minimum dollar amount each year once they reach age 70 ½. The Internal Revenue Service (IRS) requires investors to begin taking money out to ensure these tax-deferred savings ultimately become taxable!  This is

Asset Planning Corporation - Knoxville, TN

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