retirement account: Thinking of Pulling Money Out of a Retirement Account?
- 08/12/19 10:15 AM
Clients often ask about whether it makes sense to pull money out of a retirement account to purchase a home or pay for large expenses. Here’s the inside scoop:
Note: visit the IRS web site for info on any of these items and check with a CPA for details about how these general rules apply in your specific situation.
Conventional IRA
When you take money out of a conventional IRA, you’ll generally need to pay income taxes on the funds. For example, assume you want to withdraw $50,000 out of your conventional IRA and your income tax bracket is 22%. You would be … (1 comments)
|
|
|
|
;)
;)
