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QUESTION DETAIL
Related User
Votes
I am retired, over sixty, and I have money invested in a CD but I need money for medical and personal expenses. Am I allowed to take the money out of the CD during open enrollment and move to savings accounts without paying money to the IRS?
ANSWER
The BIDaWIZ Team's Answer:
Yes: this savings transfer, from the CD, to a savings account, is not a
taxable transaction.
