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    Jwmcmtelusnet's Avatar
    Jwmcmtelusnet Posts: 1, Reputation: 1
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    #1

    Dec 3, 2013, 03:01 PM
    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.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Dec 3, 2013, 05:47 PM
    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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