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Revision as of 19:24, 22 September 2024

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4) Do about to retire? Any amounts withdrawn from a retirement plan before your 59 1/2 are controlled by early withdrawal penalties plus it'll be treated as regular taxable income. No early withdrawals!

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For example, most of us will adore the 25% federal tax rate, and let's guess that our state income tax rate is 3%. Offers us a marginal tax rate of 28%. We subtract.28 from 1.00 leaving.72 or 72%. This means that the non-taxable interest rate of 10.6% would be the same return as a taxable rate of 5%. That was derived by multiplying 5% by 72%. So any non-taxable return greater than 3.6% may preferable any taxable rate of 5%.

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