Cashing in IRA before retirement age
Dec 7, 2015 5:57 pm
So say client has retirement account of $500,000 and is 40 years old.
Has a regular (non Roth) IRA.
Wants to cash it in today.
No income/employment currently, and out of work for 2 years.
Doesn't care about the 10% early withdrawal penalty.
What would be the taxes?
Thank you very much.
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