I put 6,000.00 tax free money in an ira cd instead of a regular cd. I didn’t take a tax reduction in the year that I got the Ira cd or since. I have since cashed in the Ira and will have to pay interest this year. Is there anyway I can get out of that. My husband and I are both in our 70’s and on last years taxes didn’t have to pay any taxes.

No question, answer, or discussion of any kind facilitated on this site is confidential or constitutes financial or legal advice. Questions answered are selected based on general consumer interest, and not all are addressed. Questions and answers may be displayed online and archived by Wealthtender. To make Wealthtender free for readers, we earn money from advertisers, including financial professionals and firms that pay to be featured. This creates a conflict of interest when we favor their promotion over others. Wealthtender is not a client of these financial services providers. Learn more.