Quote:
Originally Posted by c1pher
You shouldn’t be paying tax on the money unless it’s over $13M. Talk to a CPA or qualified accountant. Put the money in VOO or SCHD.
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It is not a Roth and it is taxed at normal income rates if I take it. If I cashed it in, as I wrote it would put me in a higher tax bracket and they'd take 32% federal taxes plus state taxes. I have not found a way to transfer it without paying taxes it looks like that is impossible.
I'm thinking my best bet is to move it into better funds at Vanguard and just take as little as possible.