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Retirement tax questions
When Dana suggested taking a little extra out and then replied, I read it as you won't be penalized because you took out more than necessary vs yes, all money distributed is subject to penalty.
So, to clear the air. Dana is correct that it is a good idea to take a little extra and that is allowed.
Any interest earned that you take out is an early distribution and subject to penalties and tax.
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March 29, 2024
3:43 PM
1,291 Views