Ask Paula: How to Handle a HUGE Bonus, Commission or Windfall
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The Ultimate Tax Trap
The optimal place for money that he's going to tap prior to 59 and a half is a taxable brokerage account. An annuities have a taxation called LIFO, last in first out. In an Roth IRA, as long as you follow some fairly easy rules, Roth IRAs can be FIFO.
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