Solved
If I took out money from my retirement accounts at age 60, do I pay taxes on it?
If yes, what is the penalty, a percentage? Example, I removed $5000 what would my penalty be?
You will not have a penalty if you were over 59 1/2, but the money you took out is taxable. It will be combined with your other income and will be taxed along with your other income.
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