The next step would be to prime the market by modifying their forward guidance on the federal funds rate while beginning to withdraw reserves from the system.

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If they prosper and withdraw money after 30 years at a 35% rate, they'll simply break even by using the pretax account.

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All that deferral works wonders if you or your heirs withdraw money decades hence at the same or a lower rate than you would have originally paid.

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The Fed would use the discount rate rather than the federal funds market to supply or withdraw credit in response to any imbalance between supply and demand for it.

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But so long as you're listed as the owner, you can still take it back if you need it, by paying taxes at your ordinary income tax rate, plus a 10% penalty, on the earnings you withdraw.

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Depositors are told they can withdraw their money in rupees -- at 46 to the dollar, the government rate for exporters.

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Plenty of new issues are being placed in the high-yield market, but the higher-rate environment predictably has kept some issuers sidelined and has pushed one to withdraw an offering.

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Once you reach age 65, you're even allowed to withdraw the money for other purposes, without penalty, and pay taxes at the ordinary income rate.

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The lack of a developed financial market has the flipside of making it difficult for the central bank to inject or withdraw kyat liquidity or to intervene in the dollar market as a way of combatting any sharp moves in the exchange rate, as most of it occurs with back-alley money changers.

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