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To: SteveH

Unless it is a Roth Ira everything you take out of it is taxed at your normal tax rate.


2 posted on 12/07/2020 8:54:15 AM PST by kjam22 ( )
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To: kjam22

It is the normal income rate but if you take out a large sum like you are talking about it could push you into a higher tax bracket and a higher tax rate for some of your income.


37 posted on 12/07/2020 9:45:07 AM PST by Galactica
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