Trex210777
New Member
- Messages
- 7
Hi folks, I have an Investment Plan which I took out about 20 years ago. I "prepaid" Exit Tax in 2017. I made a withdrawal in 2020.
I received current surrender breakdown but I'm questioning the Exit Tax due.
Where can I find more info on this or is there someone on this platform that could double-check it for me? I'm only a small amateur investor so not 100% on these things. I agree wholeheartedly with some of the other comments here re Exit Tax. Seems like such a hefty price to pay for what is a long-term investment. I'm seriously considering getting out of this and putting my money somewhere else. Any tips? TIA
I received current surrender breakdown but I'm questioning the Exit Tax due.
Where can I find more info on this or is there someone on this platform that could double-check it for me? I'm only a small amateur investor so not 100% on these things. I agree wholeheartedly with some of the other comments here re Exit Tax. Seems like such a hefty price to pay for what is a long-term investment. I'm seriously considering getting out of this and putting my money somewhere else. Any tips? TIA