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Questions & Answers

  • I just put $6,000 in a Roth IRA CD as a contribution. These were funds previously taxed. When I withdraw these funds will they be taxed again?

  • I requested a distribution of $20,000 from my retirement account and elected to have 7% withheld for federal tax. However, the custodian withheld 10% without my permission and informed me that they are required withhold 10%. Is that true?