Withdrawing money from a qualified retirement plan, such as a Traditional IRA, 401(k) or 403(b) plan, among others, can create a sizable tax obligation. If you are under 59 1/2 you may also be subject to a 10% early withdrawal penalty. Use this calculator to see what your net withdrawal would be after taxes and penalties are taken into account.
Financial calculators are provided for your personal use and self-help. Precipio Wealth Management cannot guarantee the accuracy of any calculator or its applicability to your financial circumstance. Always consult with qualified professionals for all personal financial planning and tax advice.