Paying taxes
So I fI was going to put 30,000 in retirement can I use that as collateral or finance a toyhauler?
Forum Discussion
HappyKayakers wrote:
This is a joke, right? Sure, we'll give you advice on how to avoid taxes so we can pay more.
Your capital gains would be taxed first. You're limited as to how much you can contribute to a retirement account each year. Anything you take out before retirement eligibility would be subject to immediate taxation plus penalties.
x2ADAD437 wrote:
WyoTraveler wrote:
You need a tax man not opinions from RVers
X2
X3
OR (A better alternative):
Give me the money. I'll have My Man in Nigeria invest it for you. Then the WHOLE THING will be deductible! :)WyoTraveler wrote:
You need a tax man not opinions from RVers
X2- This is a joke, right? Sure, we'll give you advice on how to avoid taxes so we can pay more.
Your capital gains would be taxed first. You're limited as to how much you can contribute to a retirement account each year. Anything you take out before retirement eligibility would be subject to immediate taxation plus penalties. - You need a tax man not opinions from RVers
