IRA withdraws

[Txbanq]

Hi

I have both Traditional and Roth IRA and I am withdrawing both, and I have asked them not to withhold any taxes on the ROTH is that right way doing it ?

[TeriH]

Great question,

The Roth money (contributions and earnings) come out tax free.  So, in theory that slice of income would owe no tax.  Where as the traditional money coming out is a taxable event.

Assuming all other income streams are appropriately withheld you should be in good shape. TurboTax has some great calcuators that can help you see the big picture, instead of a slice at a time.