Shutting down a qualified account means paying taxes on the money, but there should not be any penalties for shutting down an unused IRA. Watch Financial Issues Live Weekdays, 9/8c on Follow the Financial Issues Guide to Stock Buys & Sells: Download the Free FISM App: Like Financial Issues on Facebook: Follow Financial Issues on Donate today at Financial Issues Information given could be based upon time-sensitive market data or economic situations that are subject to change. © 2022 - FISM TV. All Rights Reserved.... ( read more )
LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
Closing an Unused IRA Individual Retirement Accounts (IRAs) are a popular and effective way to save for retirement. However, it is not uncommon for individuals to open an IRA and then forget about it or no longer contribute to it. If you find yourself in ...
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