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 $ ,  H&R Block Bank IRA Distribution Form 2008

2008-2025 Form

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Ras are taxed when the money comes out all the money that goes into an IRA is tax deferred now the money on a certificate of deposit is taxed as interest or when you put that money in your bank and you pull it out then there's no taxes on that so we have two types of money we have to be thinking about we have 350 000 in fully taxable money and you know and I know that that 350 000 is not all their money right twenty percent of that or so belongs to Uncle Sam so they've got three hundred fifty thousand dollars less 20 percent then we have the certificates of deposit which I call the freedom fund that's money that you can use for whatever you want the taxes are more efficient and so we've got to look how do these two pieces of money work together for this couple and I'm

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