IRA Distribution - Taxes
This is a question for you Tax-Savvy Folk out there. I'll soon be 59 1/2 and am planning take a distribution on a 403b (non-profit organizations) that I have with the intention of using it in a SD IRA (most likely with checking capability).
I am currently in the 15% tax bracket with my job. I have read online that the distribution, although taxed, will be taxed at my current rate and not jump the taxable income up a bracket or two.
Does anyone know for sure about this. yes, I will soon meet with a CPA but am hoping to learn as much as possiible beforehand.
Thanks