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wamutrader

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wamutrader

Re: follow_me post# 460662

Tuesday, 08/30/2016 8:30:31 PM

Tuesday, August 30, 2016 8:30:31 PM

Post# of 729922
ZERO Tax depends on the account type Escrows are being held in.

My Escrows are being held in a ROTH IRA. There are certain circumstances you can withdraw the money from a ROTH account Tax Free BEFORE retirement.

For example: Since I am disabled, IRS states I may withdraw money tax free from this account after the money/escrow markers have been in the account over 5 yrs.

There are many reasons/ways to legally withdraw tax free before official retirement. Please contact IRS and a Tax Professional.
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