I will be retiring soon. Will pay off mortgage with IRA money. Balance of mortgage about 59K. I am 63. For the situation I am in paying off my mortgage will make complete sense. Thank you
How do I figure what taxes will be owed and can I pay this tax with money from the IRA? I know they will withhold say 20% but can I request more to be withheld?
Robert”I Will Be Retiring Soon and Pay Off Mortgage With IRA Money. What Taxes Will I Owe? - Robert by Steve Rhode