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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Re: Withdrawing from Roth Date: 4/7/2012 4:03 PM
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Events of some years ignore plans.

Explain, please. Income tax is based on income received during a predetermined period. I believe the cover story of "Duh" magazine last month indicated that if you spend every penny you take in you won't have anything around to pay your taxes when they're due. As for emergencies, that's what emergency funds, another essential element of planning and budgeting, are for.

I'd wager I've heard just about evey reason why there's no money to pay the taxes. There may have been a couple of rare instances which were truly beyond the taxpayer's control, but I can't think of one at the moment.

Phil
Rule Your Retirement Home Fool
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