Replies to post #141302 on Wave Systems Corp. (fka WAVXQ)

[lugan]

After 59 1/2 you can take funds out of your IRA with no penalty.
You will be liable for income taxes at your current tax scale.

[knute97]

Robert I

What I transferred, I paid straight income taxes on at $2.40 per share. I expect to be taxed at 15% LT capital gains when WAVX launches.

Assuming your personal tax rate is ~25%:

Leaving the shares in my IRA:
1000 shares withdrawn at $2.40 = $2400 with taxes at $600 (25% normal income).
1000 shares at $24.00-$2400 = $21600 LT Capital gains with taxes (15%) = $3240
Total taxes = $3840

If the shares were left in the IRA:
taxes on $24k at 25% is $6000.