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To: Chickensoup
Consider that if you die, IRA monies can be passed on to heir's without tax.

As you mentioned, paying down a debt but I would not take a tax hit to do with an early withdraw; all proceeds are taxed upon withdraw at your current tax rate, therefore you may want to wait until your income drops from retirement....

For myself, I have bought Gold Mining Stocks, and a few Natural Gas oriented stocks and I take a nice profit on dips (so far this year I allowed 23K to become 37K in my traditional IRA and my Roth's play ca$h went from 53K to $69K. I am no longer considering paying down my home, but will allow my capital to grow and use some the dividends/proceeds to be drawn out.

Once your money is gone, so are your options. Keep your options open!

16 posted on 09/27/2012 10:05:05 AM PDT by Jumper
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To: Jumper
are taxed upon withdraw at your current tax rate

That current tax rate might just jump up pretty steeply on January 1.

34 posted on 09/27/2012 11:55:39 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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