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View Full Version : Withdrawal From my IRA at Age 68 in SC


Sherrie Morriso
Dec 26, 2012, 07:19 PM
What tax rate will I pay on a partial withdrawal from SC Retirement Great West system? I was 68 in August and need to liquidate an asset before December 31.

AtlantaTaxExpert
Dec 26, 2012, 09:58 PM
There will be NO Early Withdrawal Penalty, so you pay taxes at the normal rate, probably at 15%.

ScottGem
Dec 27, 2012, 04:23 AM
Your tax rate is based on your income, not your age.