Over the course of a few years I've accumulated a small IRA (it was a 401)
to the tune of only $3000. I no longer am employed by this company.
Its an insignificant amount of money I feel and was considering liquidating but was unsure the taxing/penalty of this situation given its an early withdrawal.
My thoughts from what I gathered.
10 % IRS early withdrawal.
Also subject to gains tax. (which shouldn't be much)
Fee's etc about $25.
My tax bracket 25%
State tax? not applicable I believe, but may be wrong.
Can any one sum this up and possibly show me the bottom line or even a fair estimate.
Again, Im not interested in other investment ideas-only would like to clarify on this topic. Thanks