topic Re: IRA withdrawal and tax in Retirement tax questions

IRA withdrawal and tax

rylescupidez — Tue, 10 Jun 2025 16:12:49 GMT

Can I withdraw from my traditional IRA (my age is over 60), pay 0% tax now (use the money to pay off my HELOC) and pay the 20% tax (take money from my HELOC) before the end of the year (let’s say December 15)? Am I breaking any tax rule?

Re: IRA withdrawal and tax

DoninGA — Tue, 10 Jun 2025 16:16:49 GMT

Duplicate message

Re: IRA withdrawal and tax

Bsch4477 — Tue, 10 Jun 2025 16:20:20 GMT

What you are planning violates no tax rule.

Re: IRA withdrawal and tax

Bsch4477 — Tue, 10 Jun 2025 16:31:53 GMT

One question. Is the HELOC interest rate less than the 20% tax on the IRA withdrawal? If so, why are you doing it.