My racing program is getting a financial boost

BVoelzke said
Congrats !!! great feeling paying your house off ! We did a few years ago ,we are always moving money around from bank to bank looking for the best rate. Our main bank always has terrible rates so we don't keep much there. I'm just not looking forward to being forced to start taking money from my annuity in a few years and being taxed on it. Of courrse I will withdrawal the minimum

I had to pay the 20% tax plus the 10% penalty for retiring and starting my withdrawal early. My tax consultant was pissed he couldn’t help me there but I know going in I would pay it. It was untaxed money that I made money on. Then when I started day trading I switched everything over to my TDAmeritrade account which was a tax free move until I withdrew from there.