In New York, judgments are valid for 20 years. In addition, judgment creditors may extend the period beyond twenty years if they make the proper application in Court before the 20 years lapse. Other states may vary from 7 to 25 years. Judgments collect interest. In New York it's 9% per year.
Member SIPC.Schwab Institutional is a division of Charles Schwab & Co., Inc. FTA 02586 (1106-8352) REG34983SIPDF-03 (11/06) If your state of residency is:Your withholding options are:DE, IA, KS, MA, ME, NEIf you elect to have federal income tax withheld, Schwab is required to withhold state income tax.
When you withdraw money from your individual retirement account or other qualified tax-deferred retirement account, you will owe federal income taxes on the amount you withdrew. Depending on your state, you may also owe state income taxes on your IRA distributions.tates may tax all or part of IRA distributions or exempt IRA withdrawals from state taxation. As of 2011, Illinois does not tax income from retirement plans. It doesnât tax withdrawals from IRAs. The state doesnât tax rollovers from a traditional IRA to a Roth IRA.