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Retirement

Re: IRA withdrawal and IRS penalties or interest?

Thanks for the reply. Yeah, I'm just trying to build up a tolerance to writing big tax checks for the foreseeable future and trying to figure out if I had a penalty in store for somehow under paying ahead of time. I'm still working, so I don't think...

w887793m 03-07-2021 11:48 AM

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Retirement

IRA withdrawal and IRS penalties or interest?

Hi there, I just turned 59 and a half and am looking at moves with my IRAs ahead of any huge RMDs later. If I take out $28k or so (keeps me JUST below a tax rate increase) this tax season, will the IRS hit me with penalties and or interest on that ...

w887793m 03-02-2021 11:17 AM

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