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To: CusterInvestor who wrote (50167)11/25/2012 2:55:39 PM
From: Ken Ludwig  Respond to of 78748
 
I'll checked further and, like you, found no reference to Roth Ira withdrawals being taxed as I thought. I hope that is correct. I'll talk to my tax adviser and make sure. I'd love to be wrong.



To: CusterInvestor who wrote (50167)11/25/2012 6:24:33 PM
From: jhalperin1  Read Replies (2) | Respond to of 78748
 
Hey Ken,
I'm a semi-retired CPA in MI. Prior to 2012 distributions from qualifying retirement accounts that were Federally taxable were generally MI tax free. Starting in 2012 they are also taxable in MI with a $25k annual exemption for recipients age 65 or older. Roth distributions are non-taxable for Federal (other than breaches in the 5 year rule) and thus continue to be non-taxable in MI. Our lovely Republican governor lowered business taxes "on the backs" of seniors last year.
Hope this helps,
Joel