Comments on: How much are retirement funds taxed when withdrawn early? http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/ Thu, 17 May 2012 20:24:23 +0000 http://wordpress.org/?v=2.7 hourly 1 By: AskAStupidQuestion... http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/comment-page-1/#comment-1103 AskAStupidQuestion... Sat, 21 Feb 2009 12:39:27 +0000 http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/#comment-1103 They are taxed at your current tax rate (taken into consideration based on how much you take out), plus you are hit with a penalty (10% i think). They are taxed at your current tax rate (taken into consideration based on how much you take out), plus you are hit with a penalty (10% i think).

]]> By: Judy http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/comment-page-1/#comment-1102 Judy Thu, 19 Feb 2009 13:57:37 +0000 http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/#comment-1102 Whatever your income tax rate is, plus 10% for early withdrawal. Whatever your income tax rate is, plus 10% for early withdrawal.

]]> By: betty boop http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/comment-page-1/#comment-1101 betty boop Mon, 16 Feb 2009 05:24:18 +0000 http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/#comment-1101 most funds automatically hold 20% and then after you do your 2008 taxes you could have an additional 10% taken or you might quailfy to get back some of the 20% that was taken when you withdrew it. most funds automatically hold 20% and then after you do your 2008 taxes you could have an additional 10% taken or you might quailfy to get back some of the 20% that was taken when you withdrew it.

]]> By: v b http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/comment-page-1/#comment-1100 v b Sat, 14 Feb 2009 21:03:43 +0000 http://www.secretfinance.com/blog/how-much-are-retirement-funds-taxed-when-withdrawn-early/#comment-1100 If you are totally disabled, you would get the 10% penalty waived. As for the tax bite, it depends on the rest of your income in the year you take the money. Do a dummy tax return (just use the 2007 one) with varous amounts and see the difference. If you are totally disabled, you would get the 10% penalty waived.

As for the tax bite, it depends on the rest of your income in the year you take the money. Do a dummy tax return (just use the 2007 one) with varous amounts and see the difference.

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