The list below addresses questions some seniors may have. This list will be updated in the future.
| If your question is... | Please see... |
|---|---|
| I entered into a reverse mortgage arrangement with my bank. Are the proceeds of this loan taxable to me? | IRS Publication 936, Home Mortgage Interest Deduction |
| I exercised my right to receive life insurance distributions before death. Are these proceeds taxable? | IRS Publication 554, Tax Guide for Seniors |
| I am over age 70 1/2. How do I determine the amount I must withdraw each year from my IRA and 401(k) accounts to avoid a penalty? | Retirement plan FAQs |
| Where can I find about taking money out of my retirement plan early? | Top 10 facts about taking early distributions from retirement plans |