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What percentage would be withheld from an IRA withdrawal?
Is it possible for someone to tell me what TOTAL percentage of an early IRA withdrawal would be taken out if our adjusted gross is under 70K? Tax plus penalty? I'm trying to gauge how much xtra to take out to, essentially, even out a bit what's removed (next year we will file for hardship withdrawal status because it's for medical bills,but I want taxes/penalty withheld upon withdrawal so we don't get hit next year).
When withdrawing, are you usually asked if you want taxes and penalty withheld? Do they determine your bracket for withholding?
Thanks so much!
‎June 1, 2019
5:59 AM