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-   -   LIRA mystery (https://www.askmehelpdesk.com/showthread.php?t=777477)

  • Dec 3, 2013, 03:01 PM
    Jwmcmtelusnet
    LIRA mystery
    I have $100,000 in my LIRA Account. I am retired at 57 and no income coming in. How can I take money out of that Account. Will I have to pay tax and how much. Any other negative implications. Please help.
  • Dec 3, 2013, 05:47 PM
    ma0641
    I was a bit unsure of what a LIRA acct was, appears you may be in Canada. IF you Google " taking money from my LIRA Account", you will get a number of hits. It appears you may be too young to do it without extra penalties and taxes.

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