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Video instructions and help with filling out and completing Where Form 8815 Cashing

Instructions and Help about Where Form 8815 Cashing

I'm cashing out my IRA early to start my business. Have I gone crazy? What about the penalties? What about the taxes? We're gonna dive right into that here today 'cause I'm gonna show you exactly what I'm doing and we'll show you some of the ramifications of this as well from the tax perspective that I think you might find interesting. So, this before they can't wait, so don't forget to subscribe down below obvious Tom's up comments, the whole thing helps me a lot here at Heritage wealth planning YouTube channel. So, you see, I got my fresh cut here. One of the ways you save money, my friends, is getting your spouse to cut your hair. I'm telling you right now, look at that perfect 15 minutes of time juju, and we're good to go. And you know what? 15 bucks, the five dollar tip to those good ladies who do your hair at the barbershop. So, let's dive right into it. Sorry, so the premise I was making pretty good money. I mean, I've been making well over a hundred thousand a year for going on ten years now, making good money. The commute was killing me, so I quit my last job at USAA in 2017. It really sparked in 2017 because of the commute, and it was just driving me crazy. I took a job with a registered investment advisor up in Kingsport, Tennessee, and I just, we did that, I thought it was gonna work, and then I took another job with an RI a up in New Hampshire 'cause I'm from Maine originally. I thought it might be kind of cool moved back to Northeast. It's just, I just can't work for somebody else. I need to do it myself because it was just...