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2007-01-18 01:09:06 · 2 answers · asked by sableipanet 2 in Business & Finance Taxes United States

2 answers

This depends on your specific request. The default tax to be withheld is 20%. However, if you are pulling out money from a Roth, you won't need to pay taxes (assuming you are over 591/2).

You can request to not withhold taxes, then you would need to pay the taxes when you file at the end of the year.

2007-01-18 01:14:50 · answer #1 · answered by MR MONEY 3 · 0 0

you can ask the company to withhold the taxes so you won't be stuck with them around tax time, that is the best thing to do.

best thing to do is try not to take money out of any ira unless it is an emergency. hope this helps....

2007-01-18 01:14:09 · answer #2 · answered by besthusbandever 4 · 0 0

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