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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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To: Galactica

no doubt.... from a tax perspective.... there is never a good time to take 200K out of an IRA at one time. There may be some other portfolio reasons, but no good tax reasons.


39 posted on 12/07/2020 9:46:57 AM PST by kjam22 ( )
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