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Updated over 6 years ago on . Most recent reply

Reid Shafenberg's profile image
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Reid Shafenberg
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Reid Shafenberg
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Personal Finance

IRA withdrawal mistake

Reid Shafenberg
Posted
About 5 years ago I made a mistake and withdrew about $5,000 from IRA funds that were rolled over from a 401k when I left that job...I am in my early 30's and I am wondering if I should repair that mistake and resave what I spent or just call it a loss?
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Reid,

Unfortunately it is too late to fix it. Once you pass the calendar year of the withdrawal - the train is gone.

  • Dmitriy Fomichenko
  • (949) 228-9393
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