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Where does the Goldman Sachs money go??
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Bill McKee
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First recorded activity by BoatBanter: Sep 2009
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Where does the Goldman Sachs money go??
"Canuck57" wrote in message
...
On 26/04/2010 10:46 PM,
wrote:
On Mon, 26 Apr 2010 17:52:24 -0600,
wrote:
That might not be a good idea unless you are over 59 1/2 or something.
That is foam in the wake ;-)
How do you mean? I thought if you start taking money out of the IRA/401k
that there was a 10% surtax or something if you were less than 59 1/2.
Me, no tax expert on this. Just seeking to understand. Because if all I
had to do is pay a normal rate of taxes on it, I might start drawing on it
sooner than later.
--
You can roll it into another qualified plan with no penalty. Rolling to a
Roth, will be income taxes, but no penalty.
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Where does the Goldman Sachs money go??