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re: IRA distribution question.

Posted on 4/17/13 at 3:00 pm to
Posted by rmc
Truth or Consequences
Member since Sep 2004
26557 posts
Posted on 4/17/13 at 3:00 pm to
quote:

Why would you think that? You've paid 0 taxes on the traditional IRA. SO when you pull it out, you are taxed.


The 10%, not the regular tax rate. I understand its tax deferred. I always just through the 10% was on anything you take out above what you put in if its early with no exemptions.
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