Ask Terry Questions IRA total withdrawal

IRA total withdrawal

By Terry Savage on March 13, 2023 | Financial Planning / Retirement

I only have 9,000 left in my IRA and would like to do a few updates in our townhome, do you know hie much I should take out for taxes! I live in IL, and that is the extent of my savings! Thank you

Terry Says

Gosh, are you SURE you want to take it all out? Try taking half — and have them withhold 20% for taxes.

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