As Labor Day approaches, which is the celebration of the contributions workers have made to the strength, prosperity, and well-being of our country, we wish you a relaxing long weekend and a bit of a respite from working.
Jerry Seinfeld once said, "I don't want my money working hard. I just want it to take it easy and relax."
Many of you may have seen articles where I've mentioned the various taxes and penalties associated with the multitude of retirement plans out there.
Generally speaking, when one has a traditional IRA or Rollover IRA from a work sponsored retirement plan or old 401K that was left behind when one retires, the rules are pretty straightforward.