Withdraw Ira
August 13th, 2006
Question: What happens if I take a non-qualified early withdraw from my Traditional IRA?
Do I pay the penalty and tax on the amount of the withdraw or on the value of the IRA at the time of withdraw?
Answer: Ordinary income taxes plus a 10% penalty plus state income taxes if applicable. If you are in California, there is also a 2.5% penalty.
Bret L Simmons – I Can And Will Withdraw Support .wmv
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