paying taxes

[Walter]

If you are going to get any substantial amount of money out of an account, you will trigger reporting requirements, which will then raise the question of why you weren't reporting the income as it was generated. and don't think about trying to evade by taking out less than 10K at a time. that is defined as structuring by the U.S. Code and is a felony that carries a mandatory minimum and a stiff civil penalty.