LXEX55
Recycles dryer sheets
I am 64 years old, and probably will not touch my IRA money until one year from now. Since I do not have a ROTH IRA, I know that my withdrawals will be taxed as regular income. I am trying to figure out approx what rate that would be. I found a site that details tax rates based on income (under $38,700 taxed at $952 plus 12%) ($38,701-$82,500 taxed at $4,453 plus 22% over the amount above $38,700). Is this the table that I should use when figuring out approx how much tax I will be hit with when I eventually make the withdrawals? Sorry for the longwinded question, as you can see, I am not a numbers man. Thanks very much.