What is the name of your state? California
I am needing to pull money out of my traditional IRA to purchase a business.
I am not 59 1/2 yet so there will be a penalty and taxes involved. I've heard about setting up a pension transfer trust plan to avoid all that. Does that really work and is that legal? Here is the link to the website that offers such a plan ... http://www.pensiontransfers.net/. I talked to some tax accountants and they know nothing about this. They said I should get advise from a tax attorney. Any response or advise would be very much appreciated.
I am needing to pull money out of my traditional IRA to purchase a business.
I am not 59 1/2 yet so there will be a penalty and taxes involved. I've heard about setting up a pension transfer trust plan to avoid all that. Does that really work and is that legal? Here is the link to the website that offers such a plan ... http://www.pensiontransfers.net/. I talked to some tax accountants and they know nothing about this. They said I should get advise from a tax attorney. Any response or advise would be very much appreciated.