Started By
Message

re: Income Tax in Retirement Questions

Posted on 5/27/16 at 9:05 am to
Posted by baldona
Florida
Member since Feb 2016
20524 posts
Posted on 5/27/16 at 9:05 am to
quote:

Is any non-Roth 401K money, left over after you die, taxed as normal income to your heirs?


I'm assuming it counts to the individual max of $5.5 mil to pass down no different than anything else? There are additional restrictions on retirement money passed down though like I believe a percentage has to be withdrawn by the heirs.
Posted by Teddy Ruxpin
Member since Oct 2006
39607 posts
Posted on 5/27/16 at 9:14 am to
I have no clue. You'd think 401k money would get taxed because the government hasn't gotten it's cut yet until it's disbursed. No way they pass on that right?
This post was edited on 5/27/16 at 9:15 am
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram