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Personal Finance and Investing

SCantiGOP

(14,343 posts)

3. I have some very strong advice:

Reply to cilla4progress (Original post)

Mon Apr 11, 2022, 07:32 PM

Apr 2022

Don’t take tax advice on Internet forums.

You can usually get a pretty good idea by just typing your questions into a search engine. Every state and every situation is different.

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Does this tax strategy make any sense? [View all] cilla4progress Apr 2022 OP

I think IRA's have a 5 year rule. Gains can be taxed underpants Apr 2022 #1

Good point. Thanks. cilla4progress Apr 2022 #2

I have some very strong advice: SCantiGOP Apr 2022 #3

I see what you did there! cilla4progress Apr 2022 #4

There's a 10% income tax penalty for early IRA withdrawals, see the IRS webpage on this... PoliticAverse Apr 2022 #5

Not if you are cilla4progress Apr 2022 #6

Seems to me it would be a wash. A HERETIC I AM Apr 2022 #7

This is consistent with my research - cilla4progress Apr 2022 #8

They can't keep you from your money. A HERETIC I AM Apr 2022 #9

Wow, so helpful, Heretic! cilla4progress Apr 2022 #10