I took out money from a retirement plan. Is this taxable?
Withdrawals from retirement plans where those funds where deposited pre tax are almost always taxable. Further, if you are less than 59and a half, this with drawl is likely to be subject to a 10 Percent early withdrawals penalty.
This is a general statement and may not apply to you specifically. Call Mr. Baker or click on the “BRENDA OUTLAW” link for more information.
