How is that possible without paying a bunch of penalty tax?
Today, I share with you the answer to that question.
- They may not actually take distributions from the retirement accounts.
- They might pay the 10% penalty tax because it’s cheaper than the alternative.
- They might do a Roth Conversion Ladder
- They might use the 72(t) SEPP rules.
Enjoy the show!
- New York and California state income tax rates.
- Dinkytown 72(t) calculator
- Kitces article on Bobrow v Commissioner