IRS, Tax related strategies--Traders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : IRS, Tax related strategies--Traders

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SnowShredder who wrote (668)	1/24/1999 10:01:00 PM
From: waldemar cyranski	Read Replies (1) of 1383

Open Question...............In my IRA during the yr 1998 I withdrew several thousand dollars, I was able to do this because I am over 70 yrs old...... actually, I in Feb.99 I will be 70 1/2 yrs old ,so the IRS expects me to start withdrawing funds based on a formula determined from life expectancy tables, so my question is....since I have already withdrawn funds voluntarily, is it still necessary for me to go through the excercise.....the withdrawals I made are reported on my 1040 and taxes are paid at the appropriate tax bracket which is determined upon completion of the 1040.....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next