HOW 62 CASH CAN SAVE YOU TIME, STRESS, AND MONEY.

Should you withdraw funds from a conventional IRA prior to deciding to convert 59 ½, you have to fork out a 10% tax penalty (that has a couple of exceptions), As well as standard income taxes. In addition, the IRA withdrawal would be taxed as standard income, and could potentially propel you into the next tax bracket, costing you a lot more.Money