Close my Roth IRA with no withholding rate?
Hi I opened a Roth IRA in Schwab it currently has $1000 in it and I have not invested it so it just has been sitting there. I decided I do not want the account anymore and just want to put the money back into my savings account.
My question is the federal tax withholding rate and state income tax withholding election - can I put those at 0? What do they mean are there consequences for putting the % at 0.
I have no idea what it means and do not want to get into issues but I would like to move my money