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QUESTION DETAIL
Related User
Votes
I will be 64 in November and I have an IRA. What dictates how much I will be taxed for withdrawing funds?
ANSWER
The BIDaWIZ Team's Answer:
You are entitled to withdraw as much money, from the IRA,
as you so elect, without the imposition of a penalty. You will be taxed
on the principal, and interest, that is withdrawn, at your highest
marginal tax rate; plus, any state tax liability that may apply.
