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Retirement tax questions
If you take a Withdrawal it is taxable on your return and may push you into a higher tax bracket and more income can reduce or eliminate some credits you may qualify for. So be careful. Then there is a 10% Early Withdrawal Penalty if you are under 59 1/2 or under 55 if you left that job. You can lose like up to 50% of it for taxes and penalties for federal and state.
‎July 13, 2021
5:34 PM
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