New rules liquidating retirement

25-Oct-2019 15:26

But let me tell you, you’re so screwed because you have to pay a 10% penalty on top of ordinary income tax on every penny you withdraw now because you are in your thirties and nowhere near age 59.5.

The grammarians among us will quickly realize that’s not a question at all but rather a statement.

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The Roth IRA Conversion Ladder is the tool we’ll use to climb up and escape the tax pit.The first path, Rule 72t withdrawals (also known as Substantially Equal Periodic Payments or SEPP), will be discussed in great detail in a future post.