VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
2022-2023 Tax Planning Guide
Texas Travel Industry Recovery Grant Program Reopens on February...
CFPB Issues Credit Card Late Fee Proposed Rule
Is It Time to Update Your Accounting Practices?
First and foremost, don’t take a lump-sum distribution from your old employer’s retirement plan. It generally will be taxable and, if you’re under age 59½, subject to a 10 percent early-withdrawal penalty. Here are three alternatives:
There are additional issues to consider when deciding what to do with your old retirement plan. Contact our Employee Benefit Group professionals in Michigan, Houston or Ft. Lauderdale to help you make an informed decision — and avoid potential tax traps.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
A quick registration is required to view our resources.
You will only be asked to do this one time (unless you don't save your browser cookies).