lgmagsayo
Level 2

Please clarify…

 

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Just-Lisa-Now-
Level 15
Level 15

Im guessing it means a Simple IRA, vs a 401k or some other type of retirement account?

If you put your cursor in the box and hit the yellow ? on the toolbar, it explains what it means.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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qbteachmt
Level 15

See if this article helps put the question into perspective for the issue:

https://www.irs.gov/retirement-plans/simple-ira-withdrawal-and-transfer-rules

It seems something is triggering the Additional Tax, which is 10% or 25%, depending on circumstances.

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