1099R for IRA Transfer - Beacon Wealth Management

WDTV News Segment Beacon Wealth Management Solutions 4 Financial Independence with John T. Halterman. Earlier in the year, I transferred my IRA to another IRA with a different company. I received a 1099R for this transaction. I’m very worried. I thought I could do this without paying any taxes. Please explain.

IRA Distributions Count As Earned Income

Manage Tax Burden

Cash Out Pension

You Flipped the Script

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Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Beacon Wealth Management operates independently of Cambridge. This communication is strictly intended for individuals residing in the states of WV, PA, OH, MD, NC, SC, TX, FL, NY, DE, KY, CA and WI. No offers may be made or accepted from any resident outside the specific state(s) referenced.

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