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Taking $ out of Mutual Funds?
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Grhog
Posted 1/28/2019 19:48 (#7279968 - in reply to #7279870)
Subject: RE: Taking $ out of Mutual Funds?


Se wisc.
Thanks Boone, I thought at a certain age those funds belong to you but I suppose there would be tax on tradional not Roth. So if I am hearing you right you have funds in an IRA that are limited access even in retirement? I guess the farm could not intentionally use a section 179 to negate tax liability on a IRA distribution. Sweet deal to take retirement money and make 5 or 6 percent as farm corp. operating money as interest would be deductible.

Edited by Grhog 1/28/2019 20:37
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